TMI BlogEffective Rate of duty - Assessee cannot avail the benefit of budget proposal if not followed with by...Effective Rate of duty - Assessee cannot avail the benefit of budget proposal if not followed with by the enactment - Mere budget proposal does not mean that the same are enactments by the Parliament - The law as enacted is what is contained in the Finance Act. After it is legislated upon by the Parliament and a rate of duty that is prescribed in relation to a particular Tariff Head that constitutes the authoritative expression of the legislative will of Parliament - SC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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