https://www.taxtmi.com/caselaws?id=333711 The Tribunal dismissed Precision Rubber Industries Ltd.'s appeal against the Order-in-Appeal for recovery of a refund amount of Rs. 8 lakh, classifying goods under Chapter Subheading No.8448.00. The Tribunal upheld the retrospective application of CESTAT's Final Order, emphasizing that once issued, it must be executed unless appealed against. Citing past decisions, the Tribunal ruled that the pre-deposit cannot be refunded when further liability arises post-final classification. Therefore, the appeal was dismissed, affirming the recovery order and rejecting the argument for prospective application of the classification. en-us Fri, 30 Sep 2016 00:00:00 +0530 Tue, 30 Jan 2018 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333711 The Tribunal dismissed Precision Rubber Industries Ltd.'s appeal against the Order-in-Appeal for recovery of a refund amount of Rs. 8 lakh, classifying goods under Chapter Subheading No.8448.00. The Tribunal upheld the retrospective application of CESTAT's Final Order, emphasizing that once issued, it must be executed unless appealed against. Citing past decisions, the Tribunal ruled that the pre-deposit cannot be refunded when further liability arises post-final classification. Therefore, the appeal was dismissed, affirming the recovery order and rejecting the argument for prospective application of the classification. Case-Laws Central Excise Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333711