https://www.taxtmi.com/caselaws?id=126221 The court held that interest on the duty short paid confirmed under Section 18(2) of the Customs Act, 1962 is not payable for assessments finalized before the insertion of Section 18(3) on 13-7-2006. Relying on the precedent set in Sterlite Industries (I) Ltd. v. CC, Tuticorin, the court found Section 18(3) inapplicable to the case, as the duty was finally assessed before the provision came into force. Consequently, the appeal was allowed, and the order demanding interest on the differential duty amount was set aside. en-us Tue, 26 May 2009 00:00:00 +0530 Thu, 03 Jan 2019 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126221 The court held that interest on the duty short paid confirmed under Section 18(2) of the Customs Act, 1962 is not payable for assessments finalized before the insertion of Section 18(3) on 13-7-2006. Relying on the precedent set in Sterlite Industries (I) Ltd. v. CC, Tuticorin, the court found Section 18(3) inapplicable to the case, as the duty was finally assessed before the provision came into force. Consequently, the appeal was allowed, and the order demanding interest on the differential duty amount was set aside. Case-Laws Customs Tue, 26 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126221