Monday, 7 April 2014

HC upheld demand for interest as it wasn't for provisional period but for post finalization of asses

Excise & Customs : For period prior to amendment of section 18 of Customs Act on 13-7-2006 : (a) no interest can be demanded for period when assessments were provisional; but (b) for period post finalization of assessment, demand of interest under section 28AA is valid


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