notfn for interest

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..... notfn for interest
Query (Issue) Started By: - raj kumar shukla Dated:- 29-12-2011 Last Reply Date:- 30-12-2011 Central Excise
Got 1 Reply
Central Excise
In this budget earlier sections 1 .....

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..... 1AAand 11AB have been merged and a new section inserted as 11AA wef 08/4/2011. notfn have been issued enhancing rate of interest from 13% to 18% wef 01/4/2011meaning thereby issued under earlier secti .....

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..... on11AA and11AB.Now when new section is effective from 08/04/2011,the notfn issued under earlier section 11AA does not hold good and govt should issue new notfn under new 11AA i.e. after 08/4/2011.comm .....

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..... ents please Reply By sv bhasker: The Reply: Dear Sir, It seems you are talking of Notification No. 5/2011 CE (NT) dt 1.3.2011 and 6/2011-CE(NT) issued under erstwhile Section 11AA and Section 11AB .....

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..... respectively. The Notifications continue to hold the field unless rescinded. Please refer Section 38A of CE Act,1944. and Section 6 of General Clauses Act,1897 in this regard.
Discussion Forum - K .....

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..... nowledge Sharing .....

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