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    <title>CBEC reduces interest rate on delayed payment of duty to 13 %</title>
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    <description>Fixes the rate of interest on delayed payment of central excise duty at thirteen percent per annum under the authority of section 11AB of the Central Excise Act, 1944, and supersedes the earlier notification of the Ministry of Finance, except as to matters done or omitted before such supersession.</description>
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