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2006 (4) TMI 132 - SC - Central ExciseEffective date of Clause (1A) of Section 5A - Held that:- We find from the foot note that Clause (1A) of Section 5A of the Act was introduced by Act No. 18/2005 with effect from 13th May, 2005. Counsel contends that Clause (1A) being clarificatory in nature would be retrospective in operation. Prima facie, in view of the fact that Clause (1A) came into effect w.e.f. 13th May, 2005, we do not find any substance in the submission that Clause (1A) would come into operation with retrospective effect. Counsel for the Revenue has not produced the speech of the Finance Minister - Decided against Revenue.
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