Interest rate on goods warehoused for export reduced to a lower annual rate when cleared to domestic consumption. Paragraph 10.3 of Circular No. 581/18/2001-CX is amended to substitute the prior interest provision with interest @ 15% per annum for goods warehoused for export when diverted to domestic consumption; the amendment is notified by Circular No. 1019/7/2016-CX and is effective from 1.4.2016.
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Interest rate on goods warehoused for export reduced to a lower annual rate when cleared to domestic consumption.
Paragraph 10.3 of Circular No. 581/18/2001-CX is amended to substitute the prior interest provision with interest @ 15% per annum for goods warehoused for export when diverted to domestic consumption; the amendment is notified by Circular No. 1019/7/2016-CX and is effective from 1.4.2016.
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