Section 30. Interest payable for failure to pay excise revenue
30. Interest payable for failure to pay excise revenue If the excise revenue payable by a person under this Act or the rules made thereunder is not paid within time, he shall be liable to pay on the sum due, a simple interest at the rate of twelve percent per annum from the date next following the day on which such payment became due.
{
"act_title": "THE DELHI EXCISE ACT, 2009",
"act_slug": "delhi-excise-act-2009",
"section_label": "Section",
"section": {
"number": "30",
"title": "Section 30. Interest payable for failure to pay excise revenue",
"chapter": null,
"content": "30. Interest payable for failure to pay excise revenue If the excise revenue payable by a person under this Act or the rules made thereunder is not paid within time, he shall be liable to pay on the sum due, a simple interest at the rate of twelve percent per annum from the date next following the day on which such payment became due.",
"footnote": "",
"is_definition": false,
"sort_order": 1830
},
"prev_section": "29",
"next_section": "30"
}