Interest rate for delayed customs duty fixed, imposing a new annual charge and superseding prior notification. Under the authority of Section 28AA of the Customs Act, the notification fixes the rate of interest at eighteen percent per annum for delayed payment of customs duty, supersedes the earlier 2002 Customs (N.T.) notification for future effect, and declares commencement from the first day of April, 2011.
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Interest rate for delayed customs duty fixed, imposing a new annual charge and superseding prior notification.
Under the authority of Section 28AA of the Customs Act, the notification fixes the rate of interest at eighteen percent per annum for delayed payment of customs duty, supersedes the earlier 2002 Customs (N.T.) notification for future effect, and declares commencement from the first day of April, 2011.
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