Interest rate for Central Excise obligations fixed by notification under section elevenAB, effective from April as specified. Fixes the statutory annual interest rate applicable to central excise obligations at eighteen percent per annum under the authority of the Central Excise Act, replacing the earlier 2003 notification, and declares the date from which the revised rate takes effect for purposes of interest calculation on liabilities and related obligations.
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Interest rate for Central Excise obligations fixed by notification under section elevenAB, effective from April as specified.
Fixes the statutory annual interest rate applicable to central excise obligations at eighteen percent per annum under the authority of the Central Excise Act, replacing the earlier 2003 notification, and declares the date from which the revised rate takes effect for purposes of interest calculation on liabilities and related obligations.
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