https://www.taxtmi.com/caselaws?id=121575 Interest and penalty were considered in relation to a confirmed duty demand arising from failure to maintain separate inventory of raw material used in exempted final products. The duty demand had already been paid, and the later amendment in Clause 82 of the Finance Bill, 2005, including its Explanation, was held not to fasten interest or penal liability on an amount discharged in 2000. The duty demand itself remained unaffected and was upheld, but no interest or penalty was payable. en-us Mon, 30 Apr 2007 00:00:00 +0530 Tue, 31 Jul 2012 17:07:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121575 Interest and penalty were considered in relation to a confirmed duty demand arising from failure to maintain separate inventory of raw material used in exempted final products. The duty demand had already been paid, and the later amendment in Clause 82 of the Finance Bill, 2005, including its Explanation, was held not to fasten interest or penal liability on an amount discharged in 2000. The duty demand itself remained unaffected and was upheld, but no interest or penalty was payable. Case-Laws Central Excise Mon, 30 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121575