https://www.taxtmi.com/caselaws?id=187429 A penal provision introduced by amendment operates prospectively unless the statute clearly makes it retrospective, so it cannot be used to punish defaults committed before it came into force. Applying that principle, penalty under Rule 96ZO(3) could not be sustained for a default relating to the period before 1-5-1998, when the provision commenced. The penalty levy was therefore unsustainable and the penalty order was set aside. en-us Wed, 07 Oct 2009 00:00:00 +0530 Fri, 21 Oct 2016 10:52:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187429 A penal provision introduced by amendment operates prospectively unless the statute clearly makes it retrospective, so it cannot be used to punish defaults committed before it came into force. Applying that principle, penalty under Rule 96ZO(3) could not be sustained for a default relating to the period before 1-5-1998, when the provision commenced. The penalty levy was therefore unsustainable and the penalty order was set aside. Case-Laws Central Excise Wed, 07 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187429