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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Interest Rate Set at 20% for Delayed Duty Payments per Section 11AB, Central Excise Act 1944; Superseded in 2000.</h1> The notification issued by the Central Board of Excise and Customs, dated October 9, 1996, under Notification No. 34/96-C.E. (N.T.), establishes an interest rate of 20% per annum on delayed payment of duty, as per section 11AB of the Central Excise Act, 1944. This notification was later superseded by Notification No. 08/2000-CE(N.T.) on March 1, 2000.
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