https://www.taxtmi.com/caselaws?id=119511 Interest liability under Section 11AB of the Central Excise Act could not be fastened for duty that became payable before the substitution of that provision by the Finance Bill, 2001. The proviso to the substituted section expressly excluded pre-assent liabilities, showing clear legislative intent to prevent retrospective application. Section 6A of the General Clauses Act did not preserve the earlier interest provision for such pre-2001 periods. On that basis, the demand of interest for the relevant pre-2001 period was held unsustainable and set aside. en-us Thu, 16 Mar 2006 00:00:00 +0530 Wed, 11 Jul 2012 15:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119511 Interest liability under Section 11AB of the Central Excise Act could not be fastened for duty that became payable before the substitution of that provision by the Finance Bill, 2001. The proviso to the substituted section expressly excluded pre-assent liabilities, showing clear legislative intent to prevent retrospective application. Section 6A of the General Clauses Act did not preserve the earlier interest provision for such pre-2001 periods. On that basis, the demand of interest for the relevant pre-2001 period was held unsustainable and set aside. Case-Laws Central Excise Thu, 16 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119511