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of <h1>Clause 411: 30-day payment deadline, 1% monthly interest on defaults, instalment rules, hardship waiver, foreign remittance exception</h1> Clause 411 prescribes a 30-day payment period for demands (shortened by the AO with Joint Commissioner approval), 1% simple monthly interest from default, instalment and extension powers, deemed acceleration on instalment default, continued validity of demands during appeals, discretionary waiver/reduction of interest for hardship with procedural safeguards, and non-default treatment where foreign law bars remittance. The principal change from the Bill is deletion of a transitional 1.5% monthly interest rule for periods crossing 31 March 1989; other differences are numbering and minor drafting clarifications without substantive change to core mechanics.
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