https://www.taxtmi.com/caselaws?id=325805 The High Court held that Sections 28AB and 114A of the Customs Act, 1962, could not be retrospectively applied to imports made before their enactment. The Court found the notices demanding penalty and interest unsustainable, quashing them and relieving the petitioner from furnishing security. The impugned notices were declared void, and any amounts paid towards penalty and interest were directed to be refunded. The judgment ruled in favor of the petitioner, emphasizing that the provisions in question could not be invoked for imports made before their enactment. en-us Mon, 21 Mar 2016 00:00:00 +0530 Fri, 17 Feb 2017 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325805 The High Court held that Sections 28AB and 114A of the Customs Act, 1962, could not be retrospectively applied to imports made before their enactment. The Court found the notices demanding penalty and interest unsustainable, quashing them and relieving the petitioner from furnishing security. The impugned notices were declared void, and any amounts paid towards penalty and interest were directed to be refunded. The judgment ruled in favor of the petitioner, emphasizing that the provisions in question could not be invoked for imports made before their enactment. Case-Laws Customs Mon, 21 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325805