Notification
No.17/2011-Customs (N.T.)
New Delhi, the 1st March, 2011
G.S.R. (E).— In exercise of the powers conferred by section 28AA 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.26/2002-Customs(N.T.), dated the 13th May,
2002[GSR 735 (E),
dated the 13th May, 2002], except as respects things done or omitted to be done
before such supersession,
the Central Government hereby fixes the rate of interest at eighteen percent.
per annum for the purposes
of the said section.
This notification shall come into force from the 1st day of April, 2011.