https://www.taxtmi.com/caselaws?id=165932 An exemption notification issued under delegated legislation is presumed to operate prospectively from its date of issue unless its language clearly provides retrospective effect. Notification No. 142/78-Central Excise was therefore read as granting concessional duty on tyres and tubes only from 14.7.1978, while clearances made earlier in the financial year had to be counted only for computing the ceiling. The claimed refund for the earlier period failed because the notification did not expressly extend the benefit back to 1.4.1978. en-us Mon, 27 Dec 1982 00:00:00 +0530 Wed, 20 Aug 2014 10:57:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165932 An exemption notification issued under delegated legislation is presumed to operate prospectively from its date of issue unless its language clearly provides retrospective effect. Notification No. 142/78-Central Excise was therefore read as granting concessional duty on tyres and tubes only from 14.7.1978, while clearances made earlier in the financial year had to be counted only for computing the ceiling. The claimed refund for the earlier period failed because the notification did not expressly extend the benefit back to 1.4.1978. Case-Laws Central Excise Mon, 27 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165932