https://www.taxtmi.com/caselaws?id=93479 Section 112(1) of the Finance Act, 2000 retrospectively declared that credit of duty paid on high speed diesel oil during the specified period was not admissible, and the credit was therefore treated as invalid. The accompanying Explanation provided that conduct would not be punishable as an offence if it would not have been punishable before the section came into force, so penalties imposed for the same conduct were held unsustainable. The provision thus operated to deny the credit claim while preserving protection against penal consequences where the pre-existing law did not treat the conduct as punishable. en-us Mon, 05 Jun 2000 00:00:00 +0530 Fri, 11 Nov 2011 16:42:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93479 Section 112(1) of the Finance Act, 2000 retrospectively declared that credit of duty paid on high speed diesel oil during the specified period was not admissible, and the credit was therefore treated as invalid. The accompanying Explanation provided that conduct would not be punishable as an offence if it would not have been punishable before the section came into force, so penalties imposed for the same conduct were held unsustainable. The provision thus operated to deny the credit claim while preserving protection against penal consequences where the pre-existing law did not treat the conduct as punishable. Case-Laws Central Excise Mon, 05 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93479