2000 (3) TMI 70 - HC - Central Excise

Summary

The High Court of Judicature at Madras upheld the Customs Excise and Gold (Control) Appellate Tribunal's decision not to refer the question of penal interest under Section 11AB of the Central Excise Act, 1944. The Tribunal ruled that penal interest could not be imposed on the assessee for clearances made before the law allowing such levy came into effect. The Court dismissed the petition.