This notification fixes Interest rate for delayed payment of duty in special cases - 016/2000 - Customs - Non Tariff

Superseded vide Notification No. 33 /2000-Customs (N.T.), Dated 12/05/2000 This notification fixes Interest rate for delayed payment of duty in special cases 1-3-2000 Notification No. 16/2000-Cus. (NT.) In exercise of the powers conferred by section 28AB of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 47/96-Customs (N.T.), dated the 9th October, 1996, the Central Board of Excise and Customs hereby fixes the rate of interest at twenty-four per cent. per annum for the purposes of the said section.