Notification No.41/2000-(N.T.) Dated 12th May, 2000
Delayed Refunds - 24% Interest
(This Notification has been
Supersessed vide Ntf. No. 24/2001-CE(NT), dt. 11/05/2001)In exercise of the powers conferred by section 11BB of the Central Excises 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. 22/95-Central Excise (N.T.), dated the 29th May, 1995, except as respects things done or omitted to be done before such supersession, the Central Government hereby fixes the rate of interest at fifteen per cent. per annum for the purposes of the said section.
Sd/-
(Prashant Kumar Sinha)
Under Secretary to the Government of India
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