https://www.taxtmi.com/caselaws?id=339338 Retrospective amendment under the Finance Act, 1999 revived liability to interest on lapsed credit, with the operative commencement tied to thirty days after receipt of presidential assent. The earlier date of 07.09.1998 was inconsistent with that statutory trigger, so interest was confined to 11.06.1999 to 10.10.2000. The reduced rate of 18% was rejected because the levy operated under the Finance Act, 1999 read with Section 11AB of the Central Excise Act, 1944, and the applicable rate remained 36% per annum. en-us Fri, 25 Nov 2016 00:00:00 +0530 Mon, 06 Nov 2017 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339338 Retrospective amendment under the Finance Act, 1999 revived liability to interest on lapsed credit, with the operative commencement tied to thirty days after receipt of presidential assent. The earlier date of 07.09.1998 was inconsistent with that statutory trigger, so interest was confined to 11.06.1999 to 10.10.2000. The reduced rate of 18% was rejected because the levy operated under the Finance Act, 1999 read with Section 11AB of the Central Excise Act, 1944, and the applicable rate remained 36% per annum. Case-Laws Central Excise Fri, 25 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339338