**Policy Summary:**
This notification, No. 70/2014-Customs (N.T.), issued by the Department of Revenue, Ministry of Finance, Government of India, effective August 12, 2014, fixes the rate of interest at six percent (6%) per annum for the purpose of Section 129EE of the Customs Act, 1962 (52 of 1962). The notification is issued in exercise of powers conferred by Section 129EE of the Customs Act, 1962. The file number for this notification is F. No. 390/Budget/1/2012-JC. Sunil K. Sinha, Director, signed the notification.
Key Entities Referenced
Customs Act, 1962: An act of the Parliament of India to consolidate and amend the law relating to customs.
Ministry of Finance: A ministry in the Government of India responsible for the country's finances and economy.
Department of Revenue: A department under the Ministry of Finance in the Government of India, responsible for taxation.
Central Government: The executive authority of the Union of India.
New Delhi: The capital city of India.
Sunil K. Sinha: Director in the Department of Revenue, Ministry of Finance.
G.S.R. 581(E): Likely a Gazette of India notification number related to customs or excise.
six per cent per annum: The rate of interest fixed by the Central Government according to the notification.
jftLVªh laö Mhö ,yö&33004@99 REGD. NO. D. L.-33004/99
vlk/kj.k
EXTRAORDINARY
Hkkx II—[k.M 3—mi&[k.M (i)
PART II—Section 3—Sub-section (i)
izkf/dkj ls izdkf'kr
PUBLISHED BY AUTHORITY
la- 421] ubZ fnYyh] eaxyokj] vxLr 12] 2014@Jko.k 21] 1936
No. 421] NEW DELHI, TUESDAY, AUGUST 12, 2014/SHARAVNA 21, 1936
foÙk ea=kky; MINISTRY OF FINANCE
(jktLo foHkkx) (Department of Revenue)
vf/lwpuk NOTIFICATION
ubZ fnYyh] 12 vxLr] 2014 New Delhi, the 12th August, 2014
No. 70/2014-Customs (N.T.)
la- 70@2014&lhek&'kqYd (xS-Vs-)
G.S.R. 581(E).—In exercise of powers conferred by
lk-dk-fu- 581(v)-—lhek&'kYq d vf/fu;e] 1962 (1962
section 129EE of the Customs Act, 1962 (52 of 1962), the
dk 52) dh /kjk 129 ÄÄ }kjk iznÙk 'kfDr;ksa dk iz;ksx djrs gq,]
Central Government hereby fixes the rate of interest at six
dsUnz ljdkj ,rn~}kjk mi;qZDr /kjk ds iz;kstu ls C;kt dh nj N%
per cent per annum for the purpose of the said Section.
izfr'kr izfro"kZ fu/kZfjr djrh gSA
¹iQk- la- 390@ctV@1@2012&tslh (ikV)Z º
[F. No. 390/Budget/1/2012-JC(Pt)]
lquhy ds- flUgk] funs'kd
SUNIL K. SINHA, Director
3184 GI/2014
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.