https://www.taxtmi.com/caselaws?id=46600 An assessee may change its excise duty payment option prospectively under the Section 3A and Rule 96ZO scheme, but not retrospectively for a completed period. Applying that principle, the communication dated 4-1-1999 was treated as an exercise of option to pay duty on actual production basis from that stage onward. The authorities were found to have misconstrued the communication by treating the earlier option as fixed for the relevant future period. The Tribunal was therefore said to have erred in rejecting that position and was directed to refer the formulated questions of law. en-us Mon, 18 Nov 2002 00:00:00 +0530 Thu, 22 Jul 2010 18:15:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46600 An assessee may change its excise duty payment option prospectively under the Section 3A and Rule 96ZO scheme, but not retrospectively for a completed period. Applying that principle, the communication dated 4-1-1999 was treated as an exercise of option to pay duty on actual production basis from that stage onward. The authorities were found to have misconstrued the communication by treating the earlier option as fixed for the relevant future period. The Tribunal was therefore said to have erred in rejecting that position and was directed to refer the formulated questions of law. Case-Laws Central Excise Mon, 18 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46600