https://www.taxtmi.com/caselaws?id=240729 A taxing provision introduced through a Finance Bill under the Provisional Collection of Taxes Act, 1931 becomes operative only on expiry of the day of its introduction. Goods cleared before midnight on the budget day therefore remain subject to the pre-existing nil rate, and the new levy cannot be applied to those clearances. On the stated facts, tea cleared at about 5.30 p.m. on the day the Bill was introduced was not liable to the proposed duty, so no duty demand could be sustained on such clearances. en-us Wed, 22 May 2013 00:00:00 +0530 Sat, 08 Feb 2014 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240729 A taxing provision introduced through a Finance Bill under the Provisional Collection of Taxes Act, 1931 becomes operative only on expiry of the day of its introduction. Goods cleared before midnight on the budget day therefore remain subject to the pre-existing nil rate, and the new levy cannot be applied to those clearances. On the stated facts, tea cleared at about 5.30 p.m. on the day the Bill was introduced was not liable to the proposed duty, so no duty demand could be sustained on such clearances. Case-Laws Central Excise Wed, 22 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240729