https://www.taxtmi.com/acts?id=12197 Section 28AA imposes statutory interest on delayed customs duty payments regardless of court or tribunal orders, applicable to voluntary payments and those made after determination. The Central Government fixes an annual rate within a prescribed band, and interest runs from the first day of the month after duty became payable or from the date of an erroneous refund until payment. Interest is not payable where duty follows a Board order and the amount is paid in full voluntarily within a limited period without reserving appeal rights. en-us Sat, 09 Apr 2011 14:42:43 +0530 Sun, 10 Apr 2011 10:29:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12197 Section 28AA imposes statutory interest on delayed customs duty payments regardless of court or tribunal orders, applicable to voluntary payments and those made after determination. The Central Government fixes an annual rate within a prescribed band, and interest runs from the first day of the month after duty became payable or from the date of an erroneous refund until payment. Interest is not payable where duty follows a Board order and the amount is paid in full voluntarily within a limited period without reserving appeal rights. Act-Rules F. Acts / Amendment Acts Sat, 09 Apr 2011 14:42:43 +0530 https://www.taxtmi.com/acts?id=12197