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2020 (2) TMI 770 - HC - CustomsInterpretation of Statute - imposition of interest on the difference of duty upon final assessment made by the Assessing Authority, for the period prior to the amendment in law, viz., w.e.f. 13 July 2006 - insertion of the provisions in Section 18(3) of the Customs Act, 1962, w.e.f. 13 July 2006 - HELD THAT:- Prior to amendment of law, by insertion of Section 18(3) of the Act in the Customs Act, the Revenue could not demand any interest on the differential duty assessed upon final assessment where the goods have been cleared on provisional assessment under Section 18(1) of the Act. The retrospective levy is not intended and the amendment in Law is a substantive provision for making a provision for levy of interest in the present case - Therefore, for a period prior to 13.07.2006, such levy of interest cannot be imposed on the Assessee. Appeal dismissed - decided against appellant.
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