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2011 (8) TMI 720 - GUJARAT HIGH COURT
Levy of interest in terms of Section 18(3) of the Customs Act, 1962 on the duty-difference arrived at on the basis of the finalization of the provisional assessment Prospective or Retrospective - Held That:- we hold that no interest can be levied under Section 18(3) of the Customs Act on the differential amounts of duty paid by the appellants upon finalization of the provisional assessments which were made prior to 13.07.2006, thus prospective application.