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of <h1>Interest Rate for Warehousing Dues Set at 24% Annually Under Section 47(2) of Customs Act, 1962</h1> The notification issued by the Central Board of Excise and Customs sets the interest rate for warehousing dues related to delayed payment of duty at 24% per annum. This decision is made under the authority of sub-section (2) of section 47 of the Customs Act, 1962, and it supersedes the previous notification No. 81/91-Customs (N.T.) dated December 23, 1991.
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