https://www.taxtmi.com/caselaws?id=119202 Penalty and interest could not be imposed for a period preceding the amendment to Rule 57-I, because the legal basis for those liabilities came into force only on 1-3-1997. The credit had already been wrongly taken but was reversed, and the duty demand itself was not disputed. As the disputed period was April 1996 to June 1996, the penal and interest provisions could not be applied retrospectively. The duty demand remained undisturbed, but the penalty and interest were set aside. en-us Mon, 05 Jun 2006 00:00:00 +0530 Mon, 09 Jul 2012 16:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119202 Penalty and interest could not be imposed for a period preceding the amendment to Rule 57-I, because the legal basis for those liabilities came into force only on 1-3-1997. The credit had already been wrongly taken but was reversed, and the duty demand itself was not disputed. As the disputed period was April 1996 to June 1996, the penal and interest provisions could not be applied retrospectively. The duty demand remained undisturbed, but the penalty and interest were set aside. Case-Laws Central Excise Mon, 05 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119202