https://www.taxtmi.com/caselaws?id=167104 A retrospective amendment in the Finance Act, 1982 was held to apply to a pending refund dispute because the challenge to the refund had already been instituted within limitation and had not attained finality when the amended law came into force. The amendment therefore operated on an open controversy rather than reopening a concluded matter, and the objection that the department lacked power to disturb a final refund was rejected. The assessable value and duty liability were required to be determined under the retrospective statutory position, and the Revenue's demand was upheld. en-us Sat, 04 Aug 1984 00:00:00 +0530 Sat, 06 Dec 2014 10:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167104 A retrospective amendment in the Finance Act, 1982 was held to apply to a pending refund dispute because the challenge to the refund had already been instituted within limitation and had not attained finality when the amended law came into force. The amendment therefore operated on an open controversy rather than reopening a concluded matter, and the objection that the department lacked power to disturb a final refund was rejected. The assessable value and duty liability were required to be determined under the retrospective statutory position, and the Revenue's demand was upheld. Case-Laws Central Excise Sat, 04 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167104