https://www.taxtmi.com/caselaws?id=93958 Sections 11AB and 11AC of the Central Excise Act, 1944, as inserted by Section 76 of the Finance (No. 2) Act, 1996, were held to operate prospectively and not retrospectively. Because the disputed period preceded their commencement, there was no legal basis to impose interest or penalty for that earlier period. The reference request to the High Court was therefore rejected. en-us Mon, 07 Aug 2000 00:00:00 +0530 Tue, 21 May 2019 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93958 Sections 11AB and 11AC of the Central Excise Act, 1944, as inserted by Section 76 of the Finance (No. 2) Act, 1996, were held to operate prospectively and not retrospectively. Because the disputed period preceded their commencement, there was no legal basis to impose interest or penalty for that earlier period. The reference request to the High Court was therefore rejected. Case-Laws Central Excise Mon, 07 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93958