https://www.taxtmi.com/circulars?id=1268 CEGAT held that a show cause notice issued beyond the statutory limitation for duty recovery is time barred where the extended period was not validly invoked, and ruled that provisions creating post enactment interest and a new penalty cannot be applied to imports made before those provisions came into force; however, liability for confiscation and ordinary penalties for breach of exemption conditions remains. The Board will seek appellate review and has directed careful drafting of show cause notices and adherence to its interim guidance on limitation reckoning. en-us Wed, 04 Oct 2000 00:00:00 +0530 Sun, 20 Jan 2008 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1268 CEGAT held that a show cause notice issued beyond the statutory limitation for duty recovery is time barred where the extended period was not validly invoked, and ruled that provisions creating post enactment interest and a new penalty cannot be applied to imports made before those provisions came into force; however, liability for confiscation and ordinary penalties for breach of exemption conditions remains. The Board will seek appellate review and has directed careful drafting of show cause notices and adherence to its interim guidance on limitation reckoning. Circulars Customs Wed, 04 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1268