Home Case Index All Cases Central Excise Central Excise + HC Central Excise - 2016 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (12) TMI 95 - MADRAS HIGH COURTLevy of interest u/s 11 AB - imposition of penalty u/s 11 AC - whether the Revenue was correct in holding that interest and penalty cannot be levied prior to 28.09.1996? - provisions of sec 11AB and 11AC came into effect only on 28.09.1996 - Held that: - The Original Authority itself has held that Section 11 AB and Section 11 AC came into statute only with effect from 28.09.1996 and as such, it cannot be levied prior to 28.09.1996 and since the said findings are content in nature, this Court is not inclined to interfere with the same. Therefore, the substantial questions of law is answered in negative. Appeal dismissed - levy of interest and penalty, not correct - decided against Revenue.
|