https://www.taxtmi.com/caselaws?id=267329 The High Court quashed the order requiring payment of interest on differential duty under Section 18(3) of the Customs Act for provisional assessments made before 13.7.2006, citing the precedent that Section 18(3) cannot have retrospective effect. The court emphasized the binding nature of higher court decisions on subordinate authorities and entertained the writ petition due to the adjudicating authority's failure to follow judicial principles. The impugned order was found inconsistent with statutory provisions and judicial precedents, leading to the petition being allowed with no costs. en-us Thu, 01 Oct 2015 00:00:00 +0530 Thu, 04 Feb 2016 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267329 The High Court quashed the order requiring payment of interest on differential duty under Section 18(3) of the Customs Act for provisional assessments made before 13.7.2006, citing the precedent that Section 18(3) cannot have retrospective effect. The court emphasized the binding nature of higher court decisions on subordinate authorities and entertained the writ petition due to the adjudicating authority's failure to follow judicial principles. The impugned order was found inconsistent with statutory provisions and judicial precedents, leading to the petition being allowed with no costs. Case-Laws Customs Thu, 01 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267329