Notification
No.18/2011-Customs (N.T.)
New Delhi, the 1st March, 2011
G.S.R. (E).— In exercise of the powers conferred by section 28AB 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.76/2003-Customs (N.T.), dated the
12th
September, 2003[GSR (E), dated the 12th September, 2003], 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.