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In exercise of the powers conferred by rule 19 of the Central Excise Rules,
2002, the Central Government hereby makes the following further amendment in the
notification of the Government of India in the Ministry of Finance (Department
of Revenue, No. 42/2001-CE (N.T) dated the 26 th June, 2001 published in the
Gazette of India, Extraordinary, No. 471(E), dated the 26 th June,
2001(hereinafter referred to as the said notification), namely:-
In the said notification,
- in paragraph 2, in clause (v), in sub-clause (b), for the words
“interest at the rate of twenty four percent per annum”, the words “interest
prescribed under section 11AB of the Central Excise Act, 1944” shall be
substituted.
- in Annexure-II, in clause (d), for the words “ twenty four percent
interest per annum”, the words “interest prescribed under section 11AB of
the Central Excise Act, 1944” shall be substituted.
(Rahul Nangare)
Under Secretary to the Government of India
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