Interest rate for delayed refunds set by notification under section 27A, prescribing a fixed annual statutory interest measure. The notification prescribes a fixed annual rate of interest to be applied to refunds delayed under customs law, establishing the uniform measure for calculating interest on overdue refundable amounts and directing that this rate govern interest accrual on delayed refund payments.
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Provisions expressly mentioned in the judgment/order text.
Interest rate for delayed refunds set by notification under section 27A, prescribing a fixed annual statutory interest measure.
The notification prescribes a fixed annual rate of interest to be applied to refunds delayed under customs law, establishing the uniform measure for calculating interest on overdue refundable amounts and directing that this rate govern interest accrual on delayed refund payments.
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