Amendment of section 11AB

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..... to pay the duty as determined under sub-section (2), or has paid the duty under sub-section (2B), of section 11A, shall, in addition to the duty, be liable to pay interest at such rate not below eighteen per cent. and not exceeding thirty-six per cent. per annum, as is for the time being fixed by the Central Government, by notification in the Official Gazette, from the first date of the month succ .....

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..... ady paid."; (b) for sub-section (2), the following sub-section shall be substituted, namely:- "(2) The provisions of sub-section (1) shall not apply to cases where the duty had become payable or ought to have been paid before the date on which the Finance Bill, 2001 receives the assent of the President.".
Statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, T .....

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