Interest payment month wise

[Guest]

Dear Sir, In case of supplementary invoice raised is interest required to pay month wise or days wise, please give us any reference regarding this, thanksand regards.

AI Summary

Interest on Supplementary Invoices: Calculate from Original Duty Date, Using Daily Basis and Supreme Court Guidance. An individual inquired about whether interest on supplementary invoices should be calculated monthly or daily. A respondent explained that interest on differential duty should be calculated from the date the original duty was due, using Supreme Court judgments as a basis. Another participant clarified that interest should be calculated based on the number of delayed days. The calculation involves dividing the number of delayed days by 365 to convert it into years, then applying the interest rate to this period to determine the interest amount.