https://www.taxtmi.com/acts?id=50074 Failure to pay a penalty within the demand notice period triggers simple interest at one per cent on the outstanding amount for each month or part month from the day after expiry until payment; the Commission may reduce or waive interest for defaults beyond the payer's control, and if a court reduces the penalty the interest is reduced accordingly and excess interest refunded under regulation 14. en-us Mon, 03 Mar 2025 18:25:39 +0530 Mon, 03 Mar 2025 18:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50074 Failure to pay a penalty within the demand notice period triggers simple interest at one per cent on the outstanding amount for each month or part month from the day after expiry until payment; the Commission may reduce or waive interest for defaults beyond the payer's control, and if a court reduces the penalty the interest is reduced accordingly and excess interest refunded under regulation 14. Act-Rules Law of Competition Mon, 03 Mar 2025 18:25:39 +0530 https://www.taxtmi.com/acts?id=50074