Rate of interest on delayed payment – Section 11AA
TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA EXTRAORDINARY, DATED THE 12 TH MAY. 2000
22 VAISAKHA, 1922 (SAKA)
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
***
New Delhi, dated the 12 th May. 2000
22 Vaisakha,1922(Saka)
NOTIFICATION
No. 40/2000-Central Excise (N.T.)
G.S.R. (E).- In exercise of the powers conferred by section 11AB of the Central Excises Act, 1944 (1 of 1944) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 8/2000-Central Excise (N.T.), dated the 1st March, 2000 [G.S.R. 200(E), dated the 1st March, 2000], except as respects things done or omitted to be done before such supersession, the Central Government hereby fixes the rate of interest at twenty – four per cent. per annum for the purposes of the said section.
(Prashant Kumar Sinha)
Under Secretary to the Government of India
F.No.B-6/4/2000 -TRU
