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of <h1>Interest Rate for Delayed Duty Payment Set at 20% per Annum Under Section 11AA of Central Excises Act</h1> The Central Board of Excise and Customs, under the authority of Section 11AA of the Central Excises and Salt Act, 1944, has set the interest rate for delayed payment of duty at 20% per annum. This notification, identified as No. 21/95-C.E. (N.T.), was issued on May 29, 1995, and pertains to the Central Excise non-tariff regulations.
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