https://www.taxtmi.com/caselaws?id=45829 A fiscal notification using the expression "hank" was construed according to its settled trade and ordinary meaning: yarn reeled in hanks of 840 yards, or 768 metres, not yarn of any length or reel type. The construction was supported by trade usage, dictionary meaning, departmental instructions, and prior declarations. The later notification dated 16 February 1963 was treated as clarificatory because it merely made explicit the pre-existing commercial meaning of "hank" and did not introduce a fresh levy or operate as a retrospective amendment. On that basis, the demand challenge failed. en-us Wed, 28 Feb 1973 00:00:00 +0530 Wed, 14 Jul 2010 11:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45829 A fiscal notification using the expression "hank" was construed according to its settled trade and ordinary meaning: yarn reeled in hanks of 840 yards, or 768 metres, not yarn of any length or reel type. The construction was supported by trade usage, dictionary meaning, departmental instructions, and prior declarations. The later notification dated 16 February 1963 was treated as clarificatory because it merely made explicit the pre-existing commercial meaning of "hank" and did not introduce a fresh levy or operate as a retrospective amendment. On that basis, the demand challenge failed. Case-Laws Central Excise Wed, 28 Feb 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45829