Bare ActsThe Goa (Prohibition of Further Payments and Recovery of Rebate Benefits) Act, 2002

Section 5

Consequences on non-refund

Amendment status not verified — confirm the current text below against the official source.

Consequences on non-refund.— All industrial consumers specified in section 2 and who fail to comply with the provisions of said section 2 within the stipulated period, shall be liable to pay interest on the sum due @ 18% per annum from the date of expiry of the period specified in section 3, till full refund is effected.

Section 5 – The Goa (Prohibition of Further Payments and Recovery of Rebate Benefits) Act, 2002 | DailyLaw.ai