https://www.taxtmi.com/caselaws?id=467034 The note addresses whether the amendment adding subsection (3) to Section 18 of the Customs Act, 1962, which levies interest on amounts due after final assessment, applies to provisional assessments completed before the amendment's commencement. Applying principles of statutory construction, the amendment is characterised as a substantive charging provision creating a new liability and is therefore prima facie prospective. In the absence of express retrospective language or unavoidable implication, the provision does not apply to provisional assessments made before its insertion; consequently no interest is leviable on such prior provisional assessments. en-us Thu, 08 Feb 2024 00:00:00 +0530 Mon, 02 Mar 2026 19:58:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467034 The note addresses whether the amendment adding subsection (3) to Section 18 of the Customs Act, 1962, which levies interest on amounts due after final assessment, applies to provisional assessments completed before the amendment's commencement. Applying principles of statutory construction, the amendment is characterised as a substantive charging provision creating a new liability and is therefore prima facie prospective. In the absence of express retrospective language or unavoidable implication, the provision does not apply to provisional assessments made before its insertion; consequently no interest is leviable on such prior provisional assessments. Case-Laws Customs Thu, 08 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467034