https://www.taxtmi.com/caselaws?id=111531 An amended fiscal provision enhancing liability cannot be applied retrospectively unless the statute clearly so provides. On the stated facts, interest under section 11AB of the Central Excise Act was confined to cases involving fraud, collusion, suppression of facts or wilful misstatement, and those foundational conditions were neither alleged nor found; the earlier period therefore did not attract interest. Penalty likewise could not be sustained because the relevant period did not fall under the invoked rule and no valid penal provision was applied to the facts. The impugned interest demand and penalty were set aside. en-us Wed, 24 Mar 2004 00:00:00 +0530 Mon, 23 Apr 2012 18:35:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111531 An amended fiscal provision enhancing liability cannot be applied retrospectively unless the statute clearly so provides. On the stated facts, interest under section 11AB of the Central Excise Act was confined to cases involving fraud, collusion, suppression of facts or wilful misstatement, and those foundational conditions were neither alleged nor found; the earlier period therefore did not attract interest. Penalty likewise could not be sustained because the relevant period did not fall under the invoked rule and no valid penal provision was applied to the facts. The impugned interest demand and penalty were set aside. Case-Laws Central Excise Wed, 24 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111531