Rate of interest on warehousing dues fixed under statutory provision, imposing an annual charge for delayed payments. Fixes the rate of interest applicable to warehousing dues under the Customs Act by exercising the power under section 47(2), setting a uniform annual interest rate for calculation of interest on warehoused goods liabilities and superseding the earlier notification on the matter.
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.
Rate of interest on warehousing dues fixed under statutory provision, imposing an annual charge for delayed payments.
Fixes the rate of interest applicable to warehousing dues under the Customs Act by exercising the power under section 47(2), setting a uniform annual interest rate for calculation of interest on warehoused goods liabilities and superseding the earlier notification on the matter.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.