Amendment of section 47

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..... duty or any charges in such manner as may be provided by rules. ; (b) in sub-section (2), for the portion beginning with the words Where the importer and ending with the words payment of the said duty , the following shall be substituted, namely: Where the importer fails to pay the import duty, either in full or in part, within two days (excluding holidays) (a) from the date on which the bill of .....

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..... tion to empower the Central Government to fix the rate of interest not below ten per cent. and not exceeding thirty-six per cent. per annum where importer fails to pay import duty either in full or in part within two days from the date specified therein. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - tax .....

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