Notification No. 10/ 2001-Customs (N. T.) dated the 1st March, 2001
Seeks to supersede notification No. 30/ 99-Customs, dated 12.5.99 and fix rate of interest for warehoused goods at twenty four per cent. per annum under section 61( 2) of the Customs Act,1962

G. S. R. (E).-In exercise of the powers conferred by clause (ii) of sub-section (2) of section 61 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. 30/ 99-Customs (N. T.), dated the 12th May, 1999, except
as respects things done or omitted to be done before such supersession, the Central Board of Excise and
Customs for the purposes of the said sub-section fixes the rate of interest at twenty-four per cent. per annum.

2. This notification shall come into force on the 16th day of March, 2001.

(T. R. Rustagi)
Joint Secretary to the Government of India

F. No. 334/ 1 /2001 –TRU 1