https://www.taxtmi.com/acts?id=48384 The amendment lowers the statutory interest rate applicable under section 47(2) for delayed customs payments and introduces a proviso empowering the Board, where it is satisfied that it is necessary in the public interest, to waive wholly or partly any interest payable under the section by issuing an order that records reasons for the waiver. en-us Fri, 31 Jan 2025 15:08:16 +0530 Fri, 31 Jan 2025 15:08:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48384 The amendment lowers the statutory interest rate applicable under section 47(2) for delayed customs payments and introduces a proviso empowering the Board, where it is satisfied that it is necessary in the public interest, to waive wholly or partly any interest payable under the section by issuing an order that records reasons for the waiver. Act-Rules F. Acts / Amendment Acts Fri, 31 Jan 2025 15:08:16 +0530 https://www.taxtmi.com/acts?id=48384