https://www.taxtmi.com/caselaws?id=187462 Interest under Section 11AB of the Central Excise Act could not be demanded for a period before the provision came into force, because a statutory interest levy cannot operate retrospectively; the demand was set aside. Penalty under Rule 173Q of the Central Excise Rules was also unsustainable because the order did not record confiscation of goods or identify the specific contravened clause, leaving no proper statutory for penalty; the penalty was set aside. The assessee therefore obtained complete relief. en-us Wed, 28 Oct 2015 00:00:00 +0530 Sat, 22 Oct 2016 14:46:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187462 Interest under Section 11AB of the Central Excise Act could not be demanded for a period before the provision came into force, because a statutory interest levy cannot operate retrospectively; the demand was set aside. Penalty under Rule 173Q of the Central Excise Rules was also unsustainable because the order did not record confiscation of goods or identify the specific contravened clause, leaving no proper statutory for penalty; the penalty was set aside. The assessee therefore obtained complete relief. Case-Laws Central Excise Wed, 28 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187462