Interest @ 20% fixed for delayed payment of duty under Excise Section 11AA - 21/95 - Central Excise - Non Tariff

Interest @ 20% fixed for delayed payment of duty under Excise Section 11AA Notification No. 21/95-C.E. (N.T.) Dated 29-5-1995 In exercise of the powers conferred by section 11AA of the Central Excises and Salt Act, 1944 (1 of 1944), the Central Board of Excise and Customs hereby fixes the rate of interest at twenty per cent per annum for the purposes of the said section.