Fixes the rate of interest at fifteen per cent. per annum - 018/2002 - Central Excise - Non Tariff

Superseded vide notification no.  5/2011 CE(NT) dated 1-3-2011 with effect from 1.4.2011

Fixes the rate of interest at fifteen per cent. per annum

NOTIFICATION NO.18/2002-CE(N.T.)

DATED 13/05/2002

Supersedes Notification No. 39/2000-CE(N.T.), Dated 12/05/2000  

G.S.R. (E).- In exercise of the powers conferred by section 11AA of the Central Excise Act, 1944 (1 of 1944) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 39/2000 -Central Excise (N.T.), dated the 12th May, 2000 [GSR 446 (E), dated the 12th May, 2000], the Central Government hereby fixes the rate of interest at fifteen per cent. per annum for the purposes of the said section.

(G.D.Lohani)

Under Secretary to the Government of India

F. No. B-10/ 3 /2002-TRU