The authorities held that they were liable to special excise duty at the enhanced rate, basing themselves upon the judgment of this Court in Wallace Flour Mills Company Ltd. v. Collector of Central Excise 44 E.L.T. 598 .
The question in this appeal is Are the goods exigible to special excise duty at the rate that was in force prior to 1st March, 1989, when they were manufactured, or at the rate in force after 1st March, 1989, when they were cleared?
On this date the special excise duty leviable on such goods was enhanced.
The assessee held a stock of exigible goods in fully manufactured companydition on 1st March, 1989.
The goods were cleared after 1st March, 1989.
The Tribunal took the companytrary view, relying upon the judgment of this Court in Ponds India Ltd. v. Collector of Central Excise, Madras 90 E.L.T. 3 .
