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Rate of interest for payment of confirmed demand.

Central Excise - Started By: - vinay wakde - Dated:- 28-7-2016 Last Replied Date:- 30-7-2016 - We have received show cause notice on Input services on which we have taken CENVAT credit during Feb, 2014 and utilized for payment of Excise duty. Since, .....

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ply By Rajagopalan Ranganathan - The Reply = Sir, As per Notification No. 15/2016-C.E. (NT) dated 1.3.2016 the rate of interest is 15% per annum. This Notification has come into effect from 1.4.2016. Therefore if you pay amount demanded on or after 1 .....

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