https://www.taxtmi.com/caselaws?id=239613 The Tribunal ruled in favor of the appellants in an appeal against the demand of interest on the differential duty under Section 18(3) of the Customs Act, 1962. The Tribunal held that as the imports in question were made between 1999-2003, prior to the enactment of Section 18(3) in 2006, the provision for interest on finalization of provisionally assessed bill of entry did not apply. Consequently, the demand for interest was waived, and the appeals were allowed, with stay applications disposed of accordingly. en-us Wed, 10 Oct 2012 00:00:00 +0530 Sat, 16 Nov 2013 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239613 The Tribunal ruled in favor of the appellants in an appeal against the demand of interest on the differential duty under Section 18(3) of the Customs Act, 1962. The Tribunal held that as the imports in question were made between 1999-2003, prior to the enactment of Section 18(3) in 2006, the provision for interest on finalization of provisionally assessed bill of entry did not apply. Consequently, the demand for interest was waived, and the appeals were allowed, with stay applications disposed of accordingly. Case-Laws Customs Wed, 10 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239613