TMI Blog2013 (11) TMI 790X X X X Extracts X X X X X X X X Extracts X X X X ..... vision came in force with effect from 13-7-2006 and the same is applicant on the imports made after 13-7-2006. Admittedly, in this case, imports have been made during the period 1999-2003; therefore, the provision of Section 18(3) of the Customs Act, 1962 for demand of interest is not applicable in this case - Decided in favour of assessee. - C/903-904/2012 - A/771-772/2012-WZB/C-I(CSTB) - Dated: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e said order, the appellant is before us. 3. The ld. Advocate for the appellant appearing before us submits that the Section 18(3) came into force with effect from 13-7-2006 and prior to 13-7-2006, there was no provision for demand of interest on finalization of provisionally assessed bill of entry. Admittedly, in this case imports were made during the period 1999-2003; therefore, they are not l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 06 and the same is applicant on the imports made after 13-7-2006. Admittedly, in this case, imports have been made during the period 1999-2003; therefore, the provision of Section 18(3) of the Customs Act, 1962 for demand of interest is not applicable in this case. Accordingly, the demand of interest is waived and the appeals are allowed. 7. Stay applications are also disposed of in the above te ..... X X X X Extracts X X X X X X X X Extracts X X X X
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