Interest on delayed payment of duty in special cases (Omitted)

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....bsp;Finance Act, 2000 w.e.f. 12-05-2000 before it was read as,  "at such rate not below ten per cent. and not exceeding thirty per cent. per annum, as is for the time being fixed by the Board" 3.  Substituted vide Section 105 of the Finance Act, 2001 w.e.f. 11-05-2001 before it was read as, "(1) Where any duty has not been levied or has be....

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....inance Act, 2001 w.e.f. 11-05-2001 before it was read as, "(2) For the removal of doubts, it is hereby declared that the provisions of sub-section (1) shall not apply to cases where the duty became payable before the date on which the Finance (No. 2) Bill, 1996 receives the assent of the President." 5.  Substituted vide Section 121 of the Finance Act, 2002 w....

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....-paid or erroneously refunded, the person who is liable to pay the duty as determined under sub-section (2), or has paid the duty under sub-section (2B), of section 28, shall, in addition to the duty, be liable to pay interest at such rate not below ^5[ten per cent.] and not exceeding thirty-six per cent. per annum, as is for the time being fixed by the Central Government, by notification in ....

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....l be payable on the whole of the amount, including the amount already paid.] ^4[(2) The provisions of sub-section (1) shall not apply to cases where the duty or interest had become payable or ought to have been paid before the date on which the Finance Bill, 2001 receives the assent of the President.] Explanation 1.- Where the duty determined to be payable is reduced by the Commi....