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TMI Blogintrest on delayed payment of customs duty.X X X X Extracts X X X X X X X X Extracts X X X X ..... intrest on delayed payment of customs duty. X X X X Extracts X X X X X X X X Extracts X X X X ..... ayed customs duty we have to pay interest @15% after two days of completion of B/E.. can some one let me know the provisions and respective customs notification for the same.. Reply By Mahir S: The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply: Sir, With reference to your above query , please refer the following :- (i) Section 47 (2) of the Customs Act, 1962, (ii) Customs Notification No. 28/2002 (N.T.) dated 13.05.2002. Hope the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... above shall clarify the matter. Reply By PAWAN KUMAR: The Reply: Dear Ganesh Ji, the reply of mahir ji is correct. current rate of interst under 47(2) of customs act 1962 is 15%, however under se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction 28AA, 28AB it is 18%. But the period of five days has now two days under Section 47(2) and it has been amended by budget 2013-14. Reply By GANESH IYER: The Reply: thanks you sirs.. for the in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... formation.. Ganesh Iyer Reply By GANESH IYER: The Reply: is there any amendment after notn 28/2002 for intrest rate under 47/2 of customs act 1962..?? Reply By PAWAN KUMAR: The Reply: Dear Sir, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No amendment till date.
Reply By Mahir S:
The Reply:
Yes sir agreed to above views. X X X X Extracts X X X X X X X X Extracts X X X X
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