https://www.taxtmi.com/caselaws?id=383088 The High Court of Calcutta determined that Rule 8 (3A) of the Central Excise Rules, 2002 should only have prospective application, not retrospective. The Court upheld the decision of the Customs, Excise and Service Tax Appellate Tribunal, emphasizing the substantive nature of the rule concerning duty payment terms and defaults. The Court dismissed the appeal and ruled in favor of the assessee, highlighting the importance of interpreting statutory rules based on their substantive content and absence of explicit provisions for retrospective effect. en-us Wed, 26 Jun 2019 00:00:00 +0530 Thu, 21 Nov 2019 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383088 The High Court of Calcutta determined that Rule 8 (3A) of the Central Excise Rules, 2002 should only have prospective application, not retrospective. The Court upheld the decision of the Customs, Excise and Service Tax Appellate Tribunal, emphasizing the substantive nature of the rule concerning duty payment terms and defaults. The Court dismissed the appeal and ruled in favor of the assessee, highlighting the importance of interpreting statutory rules based on their substantive content and absence of explicit provisions for retrospective effect. Case-Laws Central Excise Wed, 26 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383088