https://www.taxtmi.com/acts?id=9806 Where amounts collected in excess of assessed excise duty are payable, the person determined liable must pay interest from the first day of the month after the month in which the amount ought to have been paid until payment. Government notification will fix the rate within a prescribed band. A concession exempts interest where the full amount demanded under a Board order is voluntarily paid within the specified period without reserving appeal rights. Appellate reductions or increases adjust the interestable amount accordingly. The provision is not retrospective to amounts due before enactment assent. en-us Wed, 22 Oct 2008 10:10:00 +0530 Wed, 22 Oct 2008 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9806 Where amounts collected in excess of assessed excise duty are payable, the person determined liable must pay interest from the first day of the month after the month in which the amount ought to have been paid until payment. Government notification will fix the rate within a prescribed band. A concession exempts interest where the full amount demanded under a Board order is voluntarily paid within the specified period without reserving appeal rights. Appellate reductions or increases adjust the interestable amount accordingly. The provision is not retrospective to amounts due before enactment assent. Act-Rules F. Acts / Amendment Acts Wed, 22 Oct 2008 10:10:00 +0530 https://www.taxtmi.com/acts?id=9806