Interest rate for VAT refunds prescribed under section 42, effective immediately and superseding the earlier notification. The notification under subsection (1) of section 42 of the Delhi Value Added Tax Act, 2004 prescribes a uniform annual interest rate for computation of interest on refunds, supersedes the earlier April 2005 notification, and declares the rate effective immediately for purposes of refund calculations.
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Provisions expressly mentioned in the judgment/order text.
Interest rate for VAT refunds prescribed under section 42, effective immediately and superseding the earlier notification.
The notification under subsection (1) of section 42 of the Delhi Value Added Tax Act, 2004 prescribes a uniform annual interest rate for computation of interest on refunds, supersedes the earlier April 2005 notification, and declares the rate effective immediately for purposes of refund calculations.
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