https://www.taxtmi.com/caselaws?id=50636 Penalty and interest provisions cannot be applied to a period before their enactment, so demands under Sections 11AC and 11AB could not be sustained for the relevant earlier period. A composite penalty framed under Section 11AC read with Rule 173Q also failed because no apportionment was made between the two penal bases. Personal penalties under Rule 209A were justified where the individuals had knowledge of the relevant undervaluation conduct, but the amounts were reduced as excessive on the facts. en-us Fri, 27 Jul 2001 00:00:00 +0530 Wed, 25 Aug 2010 10:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50636 Penalty and interest provisions cannot be applied to a period before their enactment, so demands under Sections 11AC and 11AB could not be sustained for the relevant earlier period. A composite penalty framed under Section 11AC read with Rule 173Q also failed because no apportionment was made between the two penal bases. Personal penalties under Rule 209A were justified where the individuals had knowledge of the relevant undervaluation conduct, but the amounts were reduced as excessive on the facts. Case-Laws Central Excise Fri, 27 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50636