https://www.taxtmi.com/caselaws?id=113645 Penalty under Section 11AC and interest under Section 11AB of the Central Excise Act could not be applied retrospectively to duty liability arising before those provisions commenced, so the penal and interest demands were set aside. Assessable value and duty quantification also required fresh examination because deductions towards freight, sales tax, the excise duty element and Modvat credit had not been properly verified from the records, so that part was remitted for reconsideration after production of relevant documents. The confiscation order was not interfered with and remained in force. en-us Wed, 02 Sep 1998 00:00:00 +0530 Mon, 07 May 2012 13:18:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113645 Penalty under Section 11AC and interest under Section 11AB of the Central Excise Act could not be applied retrospectively to duty liability arising before those provisions commenced, so the penal and interest demands were set aside. Assessable value and duty quantification also required fresh examination because deductions towards freight, sales tax, the excise duty element and Modvat credit had not been properly verified from the records, so that part was remitted for reconsideration after production of relevant documents. The confiscation order was not interfered with and remained in force. Case-Laws Central Excise Wed, 02 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113645