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2015 (2) TMI 1008 - AT - Central ExciseEnhancement in rate of duty - Enhancement from date of Finance Bill or from the date it received the assent of President - Held that:- Issue is no more res integra in view of the Board’s Circular F. No. 345/01/2013-TRU dated 11.2.2014 in respect of effective date of levy of excise duty on cigarettes at the enhanced rate vide Finance Act, 2012. The Board has clarified that the amendment in the Finance Act, 2012, shall be applicable from the date of enactment of the said Finance Act i.e. on 28.5.2012 and not from 17.3.2012. - Finance Act, 2012 shall be applicable only from 28.5.2012; date of assent. Accordingly, we set aside the impugned order - Decided in favour of assessee.
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