Rate of interest for customs liabilities fixed, superseding prior notice and applying from the stated commencement date. The Central Government fixes the rate of interest for customs liabilities at an annual rate of eighteen percent for the purposes of the statutory provision governing interest on customs dues, superseding the earlier notification on the subject except for matters completed or omitted before supersession, and specifies an effective commencement date for the new rate.
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 for customs liabilities fixed, superseding prior notice and applying from the stated commencement date.
The Central Government fixes the rate of interest for customs liabilities at an annual rate of eighteen percent for the purposes of the statutory provision governing interest on customs dues, superseding the earlier notification on the subject except for matters completed or omitted before supersession, and specifies an effective commencement date for the new rate.
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