https://www.taxtmi.com/caselaws?id=101930 Section 11AC of the Central Excise Act, 1944 operates only from its insertion on 28 September 1996 and cannot be applied retrospectively to periods before commencement. The document also notes that the statutory penalty was directed against the assessee-company, so Revenue's challenge against employees was not maintainable on that footing. Penalties sustained under Rule 209A of the Central Excise Rules, 1944 against proprietors or managers were left undisturbed, as no separate basis was shown for interference. The appellate order was therefore maintained, with the reduced and sustained penalties remaining in place. en-us Fri, 15 Feb 2002 00:00:00 +0530 Mon, 13 Feb 2012 12:10:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101930 Section 11AC of the Central Excise Act, 1944 operates only from its insertion on 28 September 1996 and cannot be applied retrospectively to periods before commencement. The document also notes that the statutory penalty was directed against the assessee-company, so Revenue's challenge against employees was not maintainable on that footing. Penalties sustained under Rule 209A of the Central Excise Rules, 1944 against proprietors or managers were left undisturbed, as no separate basis was shown for interference. The appellate order was therefore maintained, with the reduced and sustained penalties remaining in place. Case-Laws Central Excise Fri, 15 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101930