2011 (5) TMI 598

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....havnagar imported one old vessel for breaking purpose. Levy of duty on movable gears, bunkers, stores etc of the imported vessel on breaking was finalized by considering the Circular No.37/96-Cus, dt.3.7.96 issued by CBE&C. Accordingly, differential duty of Rs.1,39,121/- (Rupees Four Lakhs, Thirty Nine Thousands, One Hundred and Twenty One only) was demanded. After several rounds of appeal, as per....

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....6.9.95 i.e. prior to 13.7.06, (the date on which Section 18(3) of the Customs Act, 1962 was enacted.) The implication of this amendment is that the interest is chargeable only where the provisional assessment was resorted to on or after the date on which such provisions became applicable. The appellant relied upon the decision of the Tribunal in the case of Sterlite Industries Vs. CCE as reported ....