https://www.taxtmi.com/caselaws?id=468994 Interest on differential customs duty could not be levied for a transaction completed before the interest provision was introduced. The Department relied on Section 28A(b) of the Customs Act, 1962, but the relevant transaction occurred in 1993, while the statutory levy of interest was brought in only by the Finance Act, 1996. Because the provision was not retrospective, it could not be applied to create liability for an earlier transaction, and the demand for interest was unsustainable. en-us Thu, 09 Jan 2014 00:00:00 +0530 Thu, 28 May 2026 13:22:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468994 Interest on differential customs duty could not be levied for a transaction completed before the interest provision was introduced. The Department relied on Section 28A(b) of the Customs Act, 1962, but the relevant transaction occurred in 1993, while the statutory levy of interest was brought in only by the Finance Act, 1996. Because the provision was not retrospective, it could not be applied to create liability for an earlier transaction, and the demand for interest was unsustainable. Case-Laws Customs Thu, 09 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468994