https://www.taxtmi.com/circulars?id=5805 Interest on delayed central excise dues is fixed at 20% per annum under the statutory changes introduced in 1995, and this rate applies even where instalment facilities are allowed. Previously granted instalment arrangements are subject to the statutory rate from the date the new provision became effective. Such interest is payable only on the actual outstanding balance at any time, not on the original assessed amount. en-us Thu, 02 May 1996 00:00:00 +0530 Sat, 14 Mar 2009 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5805 Interest on delayed central excise dues is fixed at 20% per annum under the statutory changes introduced in 1995, and this rate applies even where instalment facilities are allowed. Previously granted instalment arrangements are subject to the statutory rate from the date the new provision became effective. Such interest is payable only on the actual outstanding balance at any time, not on the original assessed amount. Circulars Central Excise Thu, 02 May 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5805