https://www.taxtmi.com/caselaws?id=46927 Where the duty structure contemplated levy at only one stage, exemption of the final polyester fibre product did not extinguish liability at the intermediate tow stage if duty had not been paid at the fibre stage. The Court held that the Revenue could validly demand duty on tow, and rejected the contention that exemption under Notification No. 191/85 displaced that liability. It further held that Notification No. 76/92 was a fresh exemption and, absent express words, could not operate retrospectively or as a merely clarificatory measure. The demand was sustained and the retrospective effect plea failed. en-us Thu, 26 Feb 2004 00:00:00 +0530 Mon, 28 Apr 2014 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46927 Where the duty structure contemplated levy at only one stage, exemption of the final polyester fibre product did not extinguish liability at the intermediate tow stage if duty had not been paid at the fibre stage. The Court held that the Revenue could validly demand duty on tow, and rejected the contention that exemption under Notification No. 191/85 displaced that liability. It further held that Notification No. 76/92 was a fresh exemption and, absent express words, could not operate retrospectively or as a merely clarificatory measure. The demand was sustained and the retrospective effect plea failed. Case-Laws Central Excise Thu, 26 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46927