https://www.taxtmi.com/caselaws?id=42025 The judgment addressed the issue of determining the value of excisable goods, particularly cigarettes, under the Central Excises and Salt Act, 1944, based on exemption notifications under Rule 8. The court upheld the retrospective amendment introduced by the Parliament through the Finance Act, 1982, clarifying that the effective excise duty payable on goods should be considered for valuation. It dismissed the argument of unequal consequences and ruled in favor of the retrospective amendment, denying relief to the petitioners and affirming the clarity and enforceability of the Amendment Act from 1-10-1975. en-us Mon, 24 Nov 1986 00:00:00 +0530 Tue, 08 Jun 2010 16:39:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42025 The judgment addressed the issue of determining the value of excisable goods, particularly cigarettes, under the Central Excises and Salt Act, 1944, based on exemption notifications under Rule 8. The court upheld the retrospective amendment introduced by the Parliament through the Finance Act, 1982, clarifying that the effective excise duty payable on goods should be considered for valuation. It dismissed the argument of unequal consequences and ruled in favor of the retrospective amendment, denying relief to the petitioners and affirming the clarity and enforceability of the Amendment Act from 1-10-1975. Case-Laws Central Excise Mon, 24 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42025