Interest on Delayed payment of duty. Rescinded vide Notification No. 40/2000-CE (NT), Dated 12-5-2000

Notification No. 8/2000-C.E. (N.T.), dated 1-3-2000.

Notification under Section 11 AB – Interest on delayed payment of duty.  – In exercise of the powers conferred by section 11AB of the Central Excise Act, 1944 (1 of 1944) and supersession of the notification of the Government of India in the Ministry of Finance number 34/96-C.E. (N.T.), dated 9th October, 1996, the Central Board of Excise and Customs hereby fixes the rate of interest at twenty-four per cent per annum for the purposes of the said section.