Interest on delayed customs duty: rate fixed under section 47, superseding earlier notification and applying to warehousing dues. Exercising the power under section 47(2) of the Customs Act, the Central Government has superseded the earlier notification and fixed an annual rate of interest that applies to delayed payment of customs duty, including warehousing dues, thereby replacing the prior notification and establishing the operative interest rate for compliance under the Act.
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Interest on delayed customs duty: rate fixed under section 47, superseding earlier notification and applying to warehousing dues.
Exercising the power under section 47(2) of the Customs Act, the Central Government has superseded the earlier notification and fixed an annual rate of interest that applies to delayed payment of customs duty, including warehousing dues, thereby replacing the prior notification and establishing the operative interest rate for compliance under the Act.
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