Delayed Payment of Duty- 24% Interest - 039/2000 - Central Excise - Non Tariff

Delayed Payment of Duty- 24% Interest (This Notification has been superseded vide NOTIFICATION NO. 18/2002-CE(NT), DT. 13/05/2002 ) Supersedes Notification No. 7/2000 CE(NT) dated 1/3/2000 NOTIFICATION NO. 39/2000-CE(N.T.) DATED 12/05/2000 In exercise of the powers conferred by section 11AA 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.7/2000-Central Excise (N.T.), dated the 1st March, 2000 [G.S.R. 199 (E), dated the 1st March, 2000], except as respects things done or omitted to be done before such supersession, the Central Government hereby fixes the rate of interest at twenty-four per cent per annum for the purposes of the said section. F.No.B-6/4/2000-TRU