2015 (2) TMI 1008

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..... Per P.K. Das The applicant filed this application for extension of stay order. As the issue involved in this appeal lies in a narrow compass, after disposing the miscellaneous application for extension of stay, we proceed to dispose of the appeal itself. 2. After hearing both the sides and on perusal of the records, we find that the appellants are engaged in the manufacture of cigarettes of len .....

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..... 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. 3. In view of the above discussion, we hold that the Finance Act, 2012 shall be applicable only from 28.5.2012. Accordingly, we set aside the imp .....

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