Amendment status not verified — confirm the current text below against the official source.
Interest on delayed payment of cess: If a dealer fails to pay the amount of cess within the time prescribed for its payment, there shall be paid by such dealer, for the period commencing on the date of expiry of the aforesaid period and ending on the date of payment of the amount of cess, simple interest at the rate of eighteen percent per annum on the amount of cess not so paid or any less amount thereof remaining unpaid during such period.