https://www.taxtmi.com/caselaws?id=207964 The Tribunal rejected the Revenue's appeal and disposed of the respondent's cross-objection regarding the interest payable on duty amounts deposited after final assessment when provisional assessment was conducted before 13.7.2006. The decision reaffirmed that Section 18(3) of the Customs Act, 1962, not Section 28AB, governs the levy of interest in such cases, following precedent set in a previous case. This judgment emphasizes the significance of statutory provisions and consistency in interpreting the law on interest for delayed tax payments. en-us Fri, 04 Feb 2011 00:00:00 +0530 Sat, 31 Dec 2011 22:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207964 The Tribunal rejected the Revenue's appeal and disposed of the respondent's cross-objection regarding the interest payable on duty amounts deposited after final assessment when provisional assessment was conducted before 13.7.2006. The decision reaffirmed that Section 18(3) of the Customs Act, 1962, not Section 28AB, governs the levy of interest in such cases, following precedent set in a previous case. This judgment emphasizes the significance of statutory provisions and consistency in interpreting the law on interest for delayed tax payments. Case-Laws Customs Fri, 04 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207964