Customs interest rate authority revised to require government notification, raising minimum and maximum rates by statute. The statutory amendment replaces the earlier rate-setting words to increase the permissible interest rate range and shifts the power to fix that rate from the Board to the Central Government, requiring fixation by notification in the Official Gazette.
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Customs interest rate authority revised to require government notification, raising minimum and maximum rates by statute.
The statutory amendment replaces the earlier rate-setting words to increase the permissible interest rate range and shifts the power to fix that rate from the Board to the Central Government, requiring fixation by notification in the Official Gazette.
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