https://www.taxtmi.com/caselaws?id=126475 The Appellate Tribunal CESTAT, Mumbai held that the Revenue cannot claim interest under Section 18(3) of the Customs Act for duty provisionally assessed in February 2000 and finalized in December 2007. The Tribunal ruled that any levy incidental to finalization of provisional assessment is governed by the law in force at the time of provisional assessment, and as the provision for interest came into force after the assessment, the assessee is not liable to pay interest. The appeal of the Revenue was dismissed. en-us Wed, 17 Jun 2009 00:00:00 +0530 Wed, 21 Nov 2012 12:42:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126475 The Appellate Tribunal CESTAT, Mumbai held that the Revenue cannot claim interest under Section 18(3) of the Customs Act for duty provisionally assessed in February 2000 and finalized in December 2007. The Tribunal ruled that any levy incidental to finalization of provisional assessment is governed by the law in force at the time of provisional assessment, and as the provision for interest came into force after the assessment, the assessee is not liable to pay interest. The appeal of the Revenue was dismissed. Case-Laws Customs Wed, 17 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126475