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Customs - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Interpretation of Statute - imposition of interest - The ...


Court Rules Interest Cannot Be Retrospectively Imposed Before July 13, 2006 Under Amended Substantive Law.

February 18, 2020

Case Laws     Customs     HC

Interpretation of Statute - imposition of interest - 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. - HC

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