https://www.taxtmi.com/caselaws?id=332209 The Tribunal ruled in favor of the appellant, interpreting Notification No. 23/2001-Cus(NT) to grant a 180-day interest free period for goods warehoused before the notification's issuance. The decision clarified that the reduced 30-day period applies only to goods warehoused post-notification, emphasizing the prospective effect of the notification. The Tribunal set aside the impugned order, granting the appellant the extended interest free period and reaffirming the principle of prospective application of fiscal legislation unless expressly stated otherwise. en-us Mon, 25 Jul 2016 00:00:00 +0530 Fri, 06 Jan 2017 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332209 The Tribunal ruled in favor of the appellant, interpreting Notification No. 23/2001-Cus(NT) to grant a 180-day interest free period for goods warehoused before the notification's issuance. The decision clarified that the reduced 30-day period applies only to goods warehoused post-notification, emphasizing the prospective effect of the notification. The Tribunal set aside the impugned order, granting the appellant the extended interest free period and reaffirming the principle of prospective application of fiscal legislation unless expressly stated otherwise. Case-Laws Customs Mon, 25 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332209