Amendment status not verified — confirm the current text below against the official source.
(1) It shall be the duty of every person receiving a notice of demand for payment of development levy and user's levy to effect payment thereof within the date specified in the notice. (2) If any person receiving a notice of demand neglects or fails to pay the amount due from him within the due date, he shall also be liable to pay interest at such rate not exceeding six per centum per annum, as may be fixed by the State Government from time to time, on the amount of levy due from him and for the period from the date of default to the date of full payment. (3) Any payment of levy and interest under this Act shall be made to the Project Authority in such manner as may be specified by the Project Authority in the notice of demand and credited to the accounts of the State Government under the head to be notified by the State Government, and against every such payment the Project Authority shall issue a receipt in the prescribed form.