Building and Other Construction Workers’ Welfare Cess Act,1996
8. INTEREST PAYABLE ON DELAY IN PAYMENT OF CESS. –
If any employer fails to pay any amount of cess payable under Section 3 within the time specified in the order assessment, such employer shall to pay interest on the amount to be paid at the rate of two per cent 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.
COMMENTS
Failure to pay any amount of cess within the specified time entails payment of interest on the amount to be paid at the rate of two per cent. for every month or a part of a month comprised in the period from the date on which such payment is due till such amount is actually paid.
Building and Other Construction Workers’ Welfare Cess Act,1996
