2001 (5) TMI 287 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai allowed the appeal and set aside the penalty imposed under Section 11AC of the Act on Boisur Chemicals Pvt. Ltd. The Tribunal held that Section 11AC is prospective in operation and cannot be applied retrospectively. The penalty was not imposable. The appeal was allowed and the impugned order was set aside.