Substitution of new section for sections 11AA and 11AB- Interest on delayed payment of duty.

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..... . (1) Notwithstanding anything contained in any judgment, decree, order or direction of the Appellate Tribunal or any court or in any other provision of this Act or the rules made thereunder, the person, who is liable to pay duty, shall, in addition to the duty, be liable to pay interest at the rate specified in sub-section (2), whether such payment is made voluntarily or after determination of .....

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..... on or direction, without reserving any right to appeal against the said payment at any subsequent stage of such payment. . - Clause 61 of the Bill seeks to substitute a new section 11AA for sections 11AA and 11AB of the Central Excise Act relating to interest on delayed payment of duty, so as to make the provisions more coherent and clear. - statute, statutory provisions legislation, law, .....

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