https://www.taxtmi.com/acts?id=48398 A new provision requires payment of interest on excise duty determined under section 11A if unpaid within three months, at a Board fixed rate within a prescribed band, accruing from the day after the three month period until payment; a transitional proviso covers determinations made before assent. Explanations specify that where appeals or court orders reduce, increase, or further increase duty, the operative date for interest is the date on which each respective amount was first determined payable. en-us Fri, 31 Jan 2025 15:38:34 +0530 Fri, 31 Jan 2025 15:38:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48398 A new provision requires payment of interest on excise duty determined under section 11A if unpaid within three months, at a Board fixed rate within a prescribed band, accruing from the day after the three month period until payment; a transitional proviso covers determinations made before assent. Explanations specify that where appeals or court orders reduce, increase, or further increase duty, the operative date for interest is the date on which each respective amount was first determined payable. Act-Rules F. Acts / Amendment Acts Fri, 31 Jan 2025 15:38:34 +0530 https://www.taxtmi.com/acts?id=48398