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of <h1>Supreme Court of India Rules Circulars Are Prospective, Not Retrospective, in Central Excise Case Referencing H.M. Bags Precedent.</h1> The Supreme Court of India addressed whether a circular issued by the Board has a prospective or retrospective effect in the case between a company and the Commissioner of Central Excise, Mumbai-III. The Court referenced the precedent set in the H.M. Bags Manufacturer case, which clarified that such circulars are intended to have prospective effect, especially when the term 'henceforth' is used. Consequently, the Court ruled that no duty demand could be made for periods prior to the issuance of the circular, as the Board did not intend for it to apply retrospectively.
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