https://www.taxtmi.com/caselaws?id=43840 Prior departmental acceptance of a price list, when acted on with full knowledge of clearances, does not prevent a later correction in classification or valuation, but the revised duty liability cannot be fastened retrospectively in the absence of a change in law or a binding judicial ruling. Where duty was short-levied because of an erroneous earlier view, the Department may issue a show-cause notice and recover the differential duty only prospectively from the notice date. The revised demand was therefore effective from the date of the show-cause notice, not from the original price list. en-us Tue, 04 Oct 1994 00:00:00 +0530 Tue, 10 Jun 2025 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43840 Prior departmental acceptance of a price list, when acted on with full knowledge of clearances, does not prevent a later correction in classification or valuation, but the revised duty liability cannot be fastened retrospectively in the absence of a change in law or a binding judicial ruling. Where duty was short-levied because of an erroneous earlier view, the Department may issue a show-cause notice and recover the differential duty only prospectively from the notice date. The revised demand was therefore effective from the date of the show-cause notice, not from the original price list. Case-Laws Central Excise Tue, 04 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43840