Supplementary duty and surtax–– Import of the declaration made in the Finance Bill, 1999 under Section 3 of the Provisional Collection of Taxes Act, 1931 is that the imposition of supplementary duty and surtax as provided in Clauses 4 and 7 of the Finance Bill shall have immediate effect i.e. from the date of placement of the budget before the Parliament till it is passed by the Parliament. ––The petitioner is bound to pay the supplementary duty and surtax as per Finance Bill placed before the Parliament on 10.06.1999 since he has presented the Bill of Entry on 15.06.1999. ––The impugned judgment and order dated 19.02.2006 passed by the High Court Division in Writ Petition No.2251 of 1999 is hereby set-aside. ––The Customs Authority is at liberty to encash the bank guarantee furnished by the petitioner at the time of releasing the goods pursuant to interim order passed by the High Court Division at the time of issuance of the Rule Nisi. .....Commissioner of Customs, Mongla =VS= M. M. Corporation, (Civil), 2023(2) [15 LM (AD) 62] ....View Full Judgment