M/S PONDS INDIA LTD. vs COLLECTOR OF CENTRAL EXCISE,MADRAS

The Supreme Court upheld the validity of the collection of special excise duty on goods manufactured prior to 1st March 1988, as per Section 37 of the Finance Act, 1978. The Court clarified that the provisions of the Central Excise Act and related rules apply to the levy and collection of special duties of excise. The ruling affirmed the Tribunal's decision, reversing the orders of the Collectors (Appeals) and confirming the Revenue's appeals.