https://www.taxtmi.com/caselaws?id=250930 The Tribunal allowed the appeal, ruling that interest under Section 18(3) of the Customs Act was not applicable to provisional assessments made before 13.07.2006, even if finalized after that date. The decision was based on the principle that statutory amendments creating new liabilities are generally prospective unless expressly or by necessary implication made retrospective. en-us Tue, 12 Aug 2014 00:00:00 +0530 Tue, 13 Jan 2015 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250930 The Tribunal allowed the appeal, ruling that interest under Section 18(3) of the Customs Act was not applicable to provisional assessments made before 13.07.2006, even if finalized after that date. The decision was based on the principle that statutory amendments creating new liabilities are generally prospective unless expressly or by necessary implication made retrospective. Case-Laws Customs Tue, 12 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250930