Interest rate fixation under section 11BB establishes an annual statutory interest rate for Central Excise obligations. Fixes the rate of interest at nine per cent per annum for the purposes of section 11BB of the Central Excise Act, 1944, issued under the powers of that Act and superseding the earlier notification that fixed the prior rate.
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Provisions expressly mentioned in the judgment/order text.
Interest rate fixation under section 11BB establishes an annual statutory interest rate for Central Excise obligations.
Fixes the rate of interest at nine per cent per annum for the purposes of section 11BB of the Central Excise Act, 1944, issued under the powers of that Act and superseding the earlier notification that fixed the prior rate.
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