Interest rate for warehousing dues fixed under customs law, affecting delayed payment liability and enforcement of statutory interest. Fixes the rate of interest applicable to warehousing dues for delayed payment of duty under the statutory power in sub section (2) of the Customs Act and supersedes the earlier notification, thereby prescribing the annual interest charge that applies to delayed discharge of customs liability on warehoused goods.
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Interest rate for warehousing dues fixed under customs law, affecting delayed payment liability and enforcement of statutory interest.
Fixes the rate of interest applicable to warehousing dues for delayed payment of duty under the statutory power in sub section (2) of the Customs Act and supersedes the earlier notification, thereby prescribing the annual interest charge that applies to delayed discharge of customs liability on warehoused goods.
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