https://www.taxtmi.com/caselaws?id=40450 A concessional excise duty notification operated from its effective date where eligibility turned on an objective condition: that, on the date of initial installation, capital investment in plant and machinery did not exceed the prescribed limit. The Assistant Collector's satisfaction was only a verification step for that factual condition and did not postpone the operation of the lower rate. Delay in reaching satisfaction could not change the date from which the notified concession applied. The concessional rate therefore applied from 1 June 1970, and a demand based on the higher rate until June 1971 was unsustainable. en-us Wed, 18 Jan 1978 00:00:00 +0530 Sat, 08 May 2010 12:48:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40450 A concessional excise duty notification operated from its effective date where eligibility turned on an objective condition: that, on the date of initial installation, capital investment in plant and machinery did not exceed the prescribed limit. The Assistant Collector's satisfaction was only a verification step for that factual condition and did not postpone the operation of the lower rate. Delay in reaching satisfaction could not change the date from which the notified concession applied. The concessional rate therefore applied from 1 June 1970, and a demand based on the higher rate until June 1971 was unsustainable. Case-Laws Central Excise Wed, 18 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40450