https://www.taxtmi.com/caselaws?id=392326 The High Court analyzed the interpretation of Section 18(3) of the Customs Act, 1962, regarding interest on differential duty, finding interest not applicable for provisional assessments made before the amendment in law. The Court agreed with the Gujarat High Court that interest could not be imposed before 13 July 2006. Comparing judgments, the Court dismissed Revenue's appeals, upholding the Tribunal's order and emphasizing that retrospective application of interest levy provisions to provisional assessments pre-amendment would be impermissible. en-us Wed, 05 Feb 2020 00:00:00 +0530 Fri, 28 May 2021 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392326 The High Court analyzed the interpretation of Section 18(3) of the Customs Act, 1962, regarding interest on differential duty, finding interest not applicable for provisional assessments made before the amendment in law. The Court agreed with the Gujarat High Court that interest could not be imposed before 13 July 2006. Comparing judgments, the Court dismissed Revenue's appeals, upholding the Tribunal's order and emphasizing that retrospective application of interest levy provisions to provisional assessments pre-amendment would be impermissible. Case-Laws Customs Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392326