Interest on warehoused goods: the previously notified higher rate remains in force; the lower rate applies only under a different provision. The later notification fixing a lower interest rate applies only to the separate provision dealing with delayed payment and does not apply to goods warehoused under the warehousing provision. The previously notified higher rate for warehoused goods remains in force and is within the statutory permissible range; authorities must continue to apply and communicate this position to relevant parties.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest on warehoused goods: the previously notified higher rate remains in force; the lower rate applies only under a different provision.
The later notification fixing a lower interest rate applies only to the separate provision dealing with delayed payment and does not apply to goods warehoused under the warehousing provision. The previously notified higher rate for warehoused goods remains in force and is within the statutory permissible range; authorities must continue to apply and communicate this position to relevant parties.
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