TaxTMI 
TaxTMI 
intrest on delayed payment of customs duty.
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....ntrest on delayed payment of customs duty.<br> Query (Issue) Started By: - GANESH IYER Dated:- 12-6-2015 Last Reply Date:- 17-6-2015 Customs - Exim - SEZ<br>Got 6 Replies<br>Customs<br>I know the dela....
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....yed customs duty we have to pay interest @15% after two days of completion of B/E.. can some one let me know the provisions and respective customs notification for the same.. Reply By Mahir S: The R....
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....eply: Sir, With reference to your above query , please refer the following :- (i) Section 47 (2) of the Customs Act, 1962, (ii) Customs Notification No. 28/2002 (N.T.) dated 13.05.2002. Hope the ....
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....above shall clarify the matter. Reply By PAWAN KUMAR: The Reply: Dear Ganesh Ji, the reply of mahir ji is correct. current rate of interst under 47(2) of customs act 1962 is 15%, however under sec....
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....tion 28AA, 28AB it is 18%. But the period of five days has now two days under Section 47(2) and it has been amended by budget 2013-14. Reply By GANESH IYER: The Reply: thanks you sirs.. for the inf....
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....ormation.. Ganesh Iyer Reply By GANESH IYER: The Reply: is there any amendment after notn 28/2002 for intrest rate under 47/2 of customs act 1962..?? Reply By PAWAN KUMAR: The Reply: Dear Sir, N....
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....o amendment till date. Reply By Mahir S: The Reply: Yes sir agreed to above views.<br> Discussion Forum - Knowledge Sharing ....