https://www.taxtmi.com/highlights?id=47350 Section 11AC is a penal provision. Once it is held to be prospective in nature, it becomes effective only from the date it was brought into force i.e. 28-9-1996. Therefore, no penalty for the period prior to this date can be imposed under this provision. en-us Fri, 21 Jun 2019 08:52:44 +0530 Fri, 21 Jun 2019 08:52:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47350 Section 11AC is a penal provision. Once it is held to be prospective in nature, it becomes effective only from the date it was brought into force i.e. 28-9-1996. Therefore, no penalty for the period prior to this date can be imposed under this provision. Highlights Central Excise Fri, 21 Jun 2019 08:52:44 +0530 https://www.taxtmi.com/highlights?id=47350