Interest rate for delayed refund fixed, superseding prior notification and establishing the annual interest applicable to customs refunds. The Central Government, under the Customs Act, fixes the rate of interest for delayed customs refunds at nine per cent per annum and supersedes the earlier Notification No. 36/2000-Customs (N.T.), providing a formal notification and departmental file reference for the announcement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest rate for delayed refund fixed, superseding prior notification and establishing the annual interest applicable to customs refunds.
The Central Government, under the Customs Act, fixes the rate of interest for delayed customs refunds at nine per cent per annum and supersedes the earlier Notification No. 36/2000-Customs (N.T.), providing a formal notification and departmental file reference for the announcement.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.