Late payment interest code

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Vinay

Vinay (Querist)
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25 July 2012 Hello,

please guide eligiblle for settoff under MVAT towards purchase of new machinery

RENGARAJ R.K

RENGARAJ R.K (Expert)
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02 August 2012 Please see the section 11AB for late payment. It is 18% per annum to be calculated from the date of original duty due to the date of payment.

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