Interest on delayed refunds

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....aid to that applicant interest at such rate, ^4[not below five per cent.] and not exceeding thirty per cent. per annum as is for the time being fixed ^3[by the Central Government, by notification in the Official Gazette], on such duty from the date immediately after the expiry of three months from the date of receipt of such application till the date of refund of such duty: Provided that w....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....unal ^5A[, National Tax Tribunal] or as the case may be, by the court shall be deemed to be an order passed under that sub-section for the purposes of this section.]     ************** NOTES:- 1.  Inserted vide Section 55 of the Finance Act, 1995 w.e.f. 26-05-1995 2.  Substituted vide Section 100 of the Finance Act, 1999 w.e.f. 1....