https://www.taxtmi.com/caselaws?id=270902 A retrospective amendment to the Chapter 15 note in the Central Excise Tariff Act created duty liability for refined edible vegetable oil from an earlier date, but interest was held not payable for the period before the amendment. The legal principle applied was that interest arises only when duty becomes due, and a retrospective creation of duty liability does not automatically create a retrospective obligation to pay interest. The tribunal followed its earlier view that, absent a pre-existing duty liability, no interest could be levied for the prior period. en-us Fri, 23 Oct 2015 00:00:00 +0530 Wed, 19 Oct 2016 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270902 A retrospective amendment to the Chapter 15 note in the Central Excise Tariff Act created duty liability for refined edible vegetable oil from an earlier date, but interest was held not payable for the period before the amendment. The legal principle applied was that interest arises only when duty becomes due, and a retrospective creation of duty liability does not automatically create a retrospective obligation to pay interest. The tribunal followed its earlier view that, absent a pre-existing duty liability, no interest could be levied for the prior period. Case-Laws Central Excise Fri, 23 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270902