Supersession of the NOTIFICATION NO. 24/2001–CE(N.T.), DT. 11/05/2001 & Fixes the rate of interest at eight per cent. per annum - 017/2002 - Central Excise - Non Tariff

Interest rate fixation under section 11BB establishes a prescribed annual interest rate for central excise recovery, later superseded.

Prescribes a statutory annual interest rate for purposes of the Central Excise Act, 1944 by superseding an earlier notification and establishing an administrative rate for recovery of excise dues; notes that a later notification subsequently revised the prescribed rate.