Interest Applied on Delayed Payments per Rule 3(5) of Cenvat Credit Rules, 2004; Rule 8(3) Governs Interest Rate.

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....Interest on delayed payment under Rule 3 (5) of the Cenvat Credit Rules, 2004 – If there is delay in payment of this amount, for whatever reason, interest would be chargeable in terms of the provisions of sub-rule (3) of Rule 8 - AT....