Supersession of the NOTIFICATION NO. 40/2000–CE(N. T.), DT. 12/05/2000 & Fixes the rate of interest at fifteen per cent. per annum - 019/2002 - Central Excise - Non Tariff
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Statutory interest under central excise fixed by notification, prescribing an annual interest rate and superseding earlier notice. Fixes the rate of interest for delayed payment of central excise duty by exercising powers under statutory interest provisions of the Central Excise Act and replaces the earlier notification dated 12 May 2000 by prescribing an annual interest rate of fifteen per cent for the purposes of the relevant provision; the instrument is regulatory and notes a later supersession reducing the rate.
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.
Statutory interest under central excise fixed by notification, prescribing an annual interest rate and superseding earlier notice.
Fixes the rate of interest for delayed payment of central excise duty by exercising powers under statutory interest provisions of the Central Excise Act and replaces the earlier notification dated 12 May 2000 by prescribing an annual interest rate of fifteen per cent for the purposes of the relevant provision; the instrument is regulatory and notes a later supersession reducing the rate.
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