PIECO ELECTRONICS & ELECTRICALS LTD. vs COLLECTOR OF CENTRAL EXCISE, PUNE.

The Supreme Court examined the Provisional Collection of Taxes Act, 1931, specifically Sections 2 and 3, in the context of the Finance Bill, 1982, which proposed amendments to the Central Excises Act. The Court held that the declaration made under Section 3 of the Provisional Collection of Taxes Act allowed for immediate effect of the proposed amendment to Entry 15A(2), thus imposing excise duty on plastic piece parts from 28th February 1982. The Court concluded that the appellants were liable for excise duty under Entry 68 following the amendment's immediate effect.