This notification fixes the Rate of interest on warehoused goods - 018/2000 - Customs - Non Tariff

This notification fixes the Rate of interest on warehoused goods 1-3-2000 Notification No. 18/2000-Cus. (N.T.) In exercise of the powers conferred by sub-clause (ii) of clause (b) of sub-section (1) of section 59 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. 82/91-Customs (N.T), dated 23rd December, 1991, the Central Board of Excise and Customs hereby fixes the rate of interest at twenty-four per cent per annum, for the purposes of the said sub-clause.