https://www.taxtmi.com/caselaws?id=160368 Delegated legislation may operate retrospectively where the parent statute authorises rules to take effect from a specified date, and that principle was applied to uphold an amendment enhancing excise licence fee. The construction of the phrase "balance of stocks" covered surplus foreign liquor held immediately before expiry of the earlier licence and retained for the renewed licence, so the enhanced fee applied to stock in hand on the relevant date. On that reading of the excise rules and licence conditions, the retrospective amendment was valid and the demand on the surplus stock was sustained. en-us Tue, 22 Apr 1975 00:00:00 +0530 Wed, 06 Aug 2014 08:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160368 Delegated legislation may operate retrospectively where the parent statute authorises rules to take effect from a specified date, and that principle was applied to uphold an amendment enhancing excise licence fee. The construction of the phrase "balance of stocks" covered surplus foreign liquor held immediately before expiry of the earlier licence and retained for the renewed licence, so the enhanced fee applied to stock in hand on the relevant date. On that reading of the excise rules and licence conditions, the retrospective amendment was valid and the demand on the surplus stock was sustained. Case-Laws Central Excise Tue, 22 Apr 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160368