Amendment status not verified — confirm the current text below against the official source.
If any person carrying on any [industry] or any local authority fail to pay any amount of cess payable under section 3 to the State Government within the date specified in the order of assessment made under section 6, such person or local authority, as the case may be, shall be liable to pay [interest on the amount to be paid at the rate of two per cent. for every month or part of a month comprised in the period from the date on which such payment is due till such amount is actually paid.] Subs. by Act 19 of 2003, sec. 3, for "specified industry" (w.e.f. 06/05/2003). Subs. by Act 53 of 1991, sec. 6, for the words "interest at twelve per cent. per annum on the amount to be paid from the date on which such payment is due till such amount is actually paid" (w.e.f. 26/01/1992).