2010 (2) TMI 1221 - AT - Customs

Summary

The Appellate Tribunal CESTAT Ahmedabad ruled that interest on duty from finalization of provisional assessment is not payable prior to 13.07.06 as per Section 18(3) of Customs Act, 1962. The decision was based on precedent cases like M/s Sterlite Industries (India) Ltd. and M/s Kamdar Associates & Others. The appeal by the Revenue was rejected, and the cross objection by the Respondent was disposed of.