notfn for interest

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....otfn for interest<br> Query (Issue) Started By: - raj kumar shukla Dated:- 29-12-2011 Last Reply Date:- 30-12-2011 Central Excise<br>Got 1 Reply<br>Central Excise<br>In this budget earlier sections 11....

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....AAand 11AB have been merged and a new section inserted as 11AA wef 08/4/2011. notfn have been issued enhancing rate of interest from 13% to 18% wef 01/4/2011meaning thereby issued under earlier sectio....

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....n11AA and11AB.Now when new section is effective from 08/04/2011,the notfn issued under earlier section 11AA does not hold good and govt should issue new notfn under new 11AA i.e. after 08/4/2011.comme....

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....nts please Reply By sv bhasker: The Reply: Dear Sir, It seems you are talking of Notification No. 5/2011 CE (NT) dt 1.3.2011 and 6/2011-CE(NT) issued under erstwhile Section 11AA and Section 11AB r....

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....espectively. The Notifications continue to hold the field unless rescinded. Please refer Section 38A of CE Act,1944. and Section 6 of General Clauses Act,1897 in this regard.<br> Discussion Forum - Kn....

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....owledge Sharing ....