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<h1>Government Sets 6% Annual Interest Rate Under Section 35FF of Central Excise Act, 1944, Effective August 12, 2014.</h1> The Central Government, exercising its authority under Section 35FF of the Central Excise Act, 1944, has set the interest rate at six percent per annum. This decision is formalized in Notification No. 24/2014 - CE (N.T.), issued by the Ministry of Finance, Department of Revenue, and is documented in the Gazette of India. The notification, dated August 12, 2014, specifies the interest rate applicable under the mentioned section of the Central Excise Act.