Supersedes Notification No. 40/2000-Central Excise (N.T.), Dated 12th May, 2000 and fixes 15% as the rate of interest

13th May, 2002

Notification No. 19/2002-Central Excise (N.T.)

In exercise of the powers conferred by section 11AB of the Central Excise 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. 40 /2000 -Central Excise (N. T.), dated the 12^th May, 2000 [ GSR 447 (E), dated the 12^th May, 2000], the Central Government hereby fixes the rate of interest at fifteen per cent. per annum for the purposes of the said section.

(G.D.Lohani)

Under Secretary to the Government of India

F. No. B-10/ 3 /2002-TRU