Levy of Interest - retrospective amendment - The liability to ...
Interest Liability Set Aside: Retrospective Amendments Apply Only on Default, Not Retroactively as Quasi-Punishment.
May 11, 2017
Case Laws Central Excise AT
Levy of Interest - retrospective amendment - The liability to pay interest would only arise on default and is really in the nature of quasi-punishment. Interest liability can be prospective only. - interest set aside. - AT
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