TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>India Sets 15% Interest Rate for Delayed Customs Duties under Section 28AA, Later Raised to 18% in 2011</h1> The Government of India, through Notification No. 26/2002-Customs (N.T.) dated May 13, 2002, has set the interest rate for delayed payment of customs duty at 15% per annum. This notification supersedes the previous Notification No. 32/2000-Cus. (N.T.) dated May 12, 2000. The change is enacted under the authority of section 28AA of the Customs Act, 1962. This notification was later superseded by Notification No. 17/2011-Customs (N.T.) dated March 1, 2011, which established the interest rate at 18% per annum.
TaxTMI 
