Amendment in Notification No 45/2001 CE (NT) dated 26th June 2001 (Specifies the conditions, safeguards and procedures for Export under bond to Nepal or Bhutan ) - 021/2007 - Central Excise - Non Tariff
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Interest under section 11AB governs excise export under bond defaults, replacing the previously specified fixed interest. The amendment replaces the words 'along with twenty four percent interest thereon' in paragraph 2(3)(ii) of Notification No. 45/2001-CE(NT) with the words 'along with interest prescribed under section 11AB of the Central Excise Act, 1944 thereon', thereby aligning interest on export-under-bond defaults with the statutory interest prescribed under that provision.
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.
Interest under section 11AB governs excise export under bond defaults, replacing the previously specified fixed interest.
The amendment replaces the words "along with twenty four percent interest thereon" in paragraph 2(3)(ii) of Notification No. 45/2001-CE(NT) with the words "along with interest prescribed under section 11AB of the Central Excise Act, 1944 thereon", thereby aligning interest on export-under-bond defaults with the statutory interest prescribed under that provision.
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