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TIOL-DDT 1042 · Friday, 30 January 2009 · story 4 of 5

Interest Rates for Delayed Payment/Refund of duty

By Vijay Kumar

A Netizen asked us for the Interest Rates for delayed payment of duties.

Interest Rates for Customs and Excise duties

Period from

Interest rates

Delayed Refunds

Delayed payment of duty

29.05.1995

15%

20%

01.03.2000

15%

24%

11.05.2001

9%

24%

13.05.2002

8%

15%

12.09.2003

6%

13%