(This Notification has been supersessed vide Cus. Ntf. No.25/2002(NT),dt.13/05/2002)

CUS NTF NO. 21/2001 (NT) DATE 11/05/2001

Delayed Refunds - Interest lowered to 9% from 15%

G.S.R. (E) - In exercise of the powers conferred by section 27A of the Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2000-Customs (N.T.), dated the 12th May, 2000, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 442(E), dated the 12th May, 2000, the Central Government hereby fixes the rate of interest at nine per cent per annum for the purposes of the said section.

Sd/-
(G.D. Lohani)
Under Secretary to the Government of India

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