https://www.taxtmi.com/caselaws?id=768664 Imposition of interest, penalty and redemption fine on IGST charged under the Customs Tariff Act was examined on the basis that pre-import conditions were not met. The court applied the pari materia principle linking relevant Tariff Act provisions and concluded that, absent express statutory reference, interest and penalty could not be levied, and those parts of the impugned order were set aside. The amended provision making Customs Act interest, offence and penalty provisions applicable was held to operate prospectively from its notified date and therefore inapplicable to the transactions in question; confiscation and redemption fine were held invalid. en-us Wed, 09 Apr 2025 00:00:00 +0530 Fri, 30 Jan 2026 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768664 Imposition of interest, penalty and redemption fine on IGST charged under the Customs Tariff Act was examined on the basis that pre-import conditions were not met. The court applied the pari materia principle linking relevant Tariff Act provisions and concluded that, absent express statutory reference, interest and penalty could not be levied, and those parts of the impugned order were set aside. The amended provision making Customs Act interest, offence and penalty provisions applicable was held to operate prospectively from its notified date and therefore inapplicable to the transactions in question; confiscation and redemption fine were held invalid. Case-Laws Customs Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768664