https://www.taxtmi.com/caselaws?id=52442 Duty liability arising from credit taken on inputs lying in stock under an amended fiscal regime was upheld because the liability flowed from the changed rule itself, and not from any dispute over entitlement or from financial hardship. Penalty and interest were, however, set aside because the credit had been validly taken when availed and the subsequent obligation arose only by operation of the amended provisions, without suppression, wrongful conduct, or other culpable default. The result was that the duty demand remained payable, but no penalty or statutory interest was sustained. en-us Thu, 30 Oct 2003 00:00:00 +0530 Tue, 05 Oct 2010 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52442 Duty liability arising from credit taken on inputs lying in stock under an amended fiscal regime was upheld because the liability flowed from the changed rule itself, and not from any dispute over entitlement or from financial hardship. Penalty and interest were, however, set aside because the credit had been validly taken when availed and the subsequent obligation arose only by operation of the amended provisions, without suppression, wrongful conduct, or other culpable default. The result was that the duty demand remained payable, but no penalty or statutory interest was sustained. Case-Laws Central Excise Thu, 30 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52442