https://www.taxtmi.com/caselaws?id=47981 Penalty under Rule 173Q(1)(bbb) of the Central Excise Rules, 1944 could not be imposed for passing on Modvat credit on additional customs duty when the conduct occurred in 1997 and 1998, because penal liability for that conduct arose only after the amendment dated 14.07.1999. The court noted that the later circular also reflected that no such penalty provision existed for the earlier period. As the transactions pre-dated the amendment, the amended penal provision could not be applied retrospectively, and penalty was not leviable for the pre-amendment period. en-us Thu, 01 Feb 2007 00:00:00 +0530 Mon, 02 Aug 2010 10:06:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47981 Penalty under Rule 173Q(1)(bbb) of the Central Excise Rules, 1944 could not be imposed for passing on Modvat credit on additional customs duty when the conduct occurred in 1997 and 1998, because penal liability for that conduct arose only after the amendment dated 14.07.1999. The court noted that the later circular also reflected that no such penalty provision existed for the earlier period. As the transactions pre-dated the amendment, the amended penal provision could not be applied retrospectively, and penalty was not leviable for the pre-amendment period. Case-Laws Central Excise Thu, 01 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47981