https://www.taxtmi.com/caselaws?id=210557 The Court held that Section 18(3) of the Customs Act, 1962, mandating interest on differential duty, could not be applied retrospectively to provisional assessments made before 13.07.2006. Relying on past decisions, it concluded that new liabilities are not retrospective unless specified. The Court dismissed the tax appeal, affirming the Tribunal's decision in favor of the respondent, emphasizing the non-retrospective application of Section 18(3) to assessments predating its enactment. en-us Fri, 12 Aug 2011 00:00:00 +0530 Fri, 29 Aug 2014 13:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210557 The Court held that Section 18(3) of the Customs Act, 1962, mandating interest on differential duty, could not be applied retrospectively to provisional assessments made before 13.07.2006. Relying on past decisions, it concluded that new liabilities are not retrospective unless specified. The Court dismissed the tax appeal, affirming the Tribunal's decision in favor of the respondent, emphasizing the non-retrospective application of Section 18(3) to assessments predating its enactment. Case-Laws Customs Fri, 12 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210557