https://www.taxtmi.com/caselaws?id=47839 Retrospective validating legislation preserved excise recovery proceedings initiated under omitted Rule 10. The High Court held that, because Section 38A inserted by the Finance Act, 2001 saves pending investigations, liabilities and legal proceedings notwithstanding amendment, repeal, supersession or rescission of subordinate legislation, proceedings already commenced under Rule 10 did not lapse on its omission and could continue under the recovery scheme. The validating provisions in Sections 131 and 132 were read retrospectively to neutralise contrary precedent and to carry the pending action to its logical conclusion in favour of Revenue. en-us Wed, 07 Sep 2005 00:00:00 +0530 Sat, 31 Jul 2010 11:38:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47839 Retrospective validating legislation preserved excise recovery proceedings initiated under omitted Rule 10. The High Court held that, because Section 38A inserted by the Finance Act, 2001 saves pending investigations, liabilities and legal proceedings notwithstanding amendment, repeal, supersession or rescission of subordinate legislation, proceedings already commenced under Rule 10 did not lapse on its omission and could continue under the recovery scheme. The validating provisions in Sections 131 and 132 were read retrospectively to neutralise contrary precedent and to carry the pending action to its logical conclusion in favour of Revenue. Case-Laws Central Excise Wed, 07 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47839