2009 (1) TMI 675 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Chennai upheld the decision of the Commissioner (Appeals) regarding the levy of interest and penalty on goods warehoused prior to an amendment to the Customs Act, 1962. The Tribunal found that the amendment was not retrospective in operation, and therefore, the interest and penalty were not applicable. The appeal of the Revenue was dismissed. (2009 (1) TMI 675 - CESTAT, Chennai)