Notification No. 18/2002-C.E.(N.T.)-Rate of interest on delayed payment of duty.

This Notification has been Superseded vide Notification No. 5/2011-CE (NT) Dated 1/3/2011

Notification No. 18/2002-C.E.(N.T.) Dated 13-05-2002

Rate of interest on delayed payment of duty.-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 12^th May, 2000 [GSR 446 (E), dated the 12^th May, 2000], the Central Government hereby fixes the rate of interest at fifteen per cent. per annum for the purposes of the said section.