Interest rate for delayed customs duty fixed, increasing the cost of late payments under the statutory interest provision. Prescribes the interest rate for delayed payment of customs duty through Notification No. 15/2000-Cus. (N.T.), exercising the Customs Act power to set the annual interest rate for purposes of the statutory provision on interest for late duty payments, and superseding the earlier notification on the subject.
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Provisions expressly mentioned in the judgment/order text.
Interest rate for delayed customs duty fixed, increasing the cost of late payments under the statutory interest provision.
Prescribes the interest rate for delayed payment of customs duty through Notification No. 15/2000-Cus. (N.T.), exercising the Customs Act power to set the annual interest rate for purposes of the statutory provision on interest for late duty payments, and superseding the earlier notification on the subject.
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