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of <h1>Interest Rate for Delayed Refunds Set at 15% Annually, Effective May 26, 1995, Under Section 27A of Customs Act</h1> The Central Board of Excise and Customs has set the interest rate for delayed refunds at 15% per annum, effective from May 26, 1995. This decision is made under the authority granted by section 27A of the Customs Act, 1962.
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