https://www.taxtmi.com/caselaws?id=42178 An exemption notification under excise law may be withdrawn, varied or restructured, provided the resulting duty remains within the statutory ceiling and the basic duty is not impermissibly increased. For goods manufactured before a new notification but removed thereafter, the governing rate for levy and collection is the rate in force on the date of actual removal, not the date of manufacture. The note therefore states that excise law distinguishes the taxable event from the point at which duty is determined and collected, and that stock on the date of withdrawal of exemption is chargeable at the removal rate. en-us Tue, 08 Mar 1988 00:00:00 +0530 Wed, 09 Jun 2010 16:24:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42178 An exemption notification under excise law may be withdrawn, varied or restructured, provided the resulting duty remains within the statutory ceiling and the basic duty is not impermissibly increased. For goods manufactured before a new notification but removed thereafter, the governing rate for levy and collection is the rate in force on the date of actual removal, not the date of manufacture. The note therefore states that excise law distinguishes the taxable event from the point at which duty is determined and collected, and that stock on the date of withdrawal of exemption is chargeable at the removal rate. Case-Laws Central Excise Tue, 08 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42178