1[38-A. (1) Where any excise revenue has not been paid within three months from the date on which it become payable, interest at such rate not exceeding twenty-four per cent per annum, as may be prescribed, shall be payable from the date such excise revenue becomes payable till the date of actual payment ;
Provided that until a higher rate is prescribed, the rate of interest will be eighteen per cent per annum ;
Provided further that in respect of an excise revenue which became payable before the commencement of the Uttar Pradesh Excise (Amendment) Act, 1985 interest at the said rate shall be payable from the date of such commencement if the excise revenue is not paid within 3 months of the said date.
Explanation :— Nothing in this sub-section shall be construed to affect the payment of interest under an agreement, the terms of an auction or, a decree of the court, passed before the date of commencement of the Uttar Pradesh Excise (Amendment) Act, 1985 or which may be passed after the date of such commencement in suits or proceedings filed before the said date.
(2) Provisions of section 39 shall mutatis mutandis apply to realization of such interest as they apply to realization of excise revenue.]
Provided that until a higher rate is prescribed, the rate of interest will be eighteen per cent per annum ;
Provided further that in respect of an excise revenue which became payable before the commencement of the Uttar Pradesh Excise (Amendment) Act, 1985 interest at the said rate shall be payable from the date of such commencement if the excise revenue is not paid within 3 months of the said date.
Explanation :— Nothing in this sub-section shall be construed to affect the payment of interest under an agreement, the terms of an auction or, a decree of the court, passed before the date of commencement of the Uttar Pradesh Excise (Amendment) Act, 1985 or which may be passed after the date of such commencement in suits or proceedings filed before the said date.
(2) Provisions of section 39 shall mutatis mutandis apply to realization of such interest as they apply to realization of excise revenue.]
Source footnotes
1. Ins. by sec. 2 of U. P. Act 7 of 1985.आगे पढ़ें / Continue reading
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More sections of this act
Section 1 · Short title and extentSection 2 · Repeal of enactmentsSection 3 · InterpretationSection 4 · Power of State Government to declare what is to be deemed liquorSection 5 · Country liquor and foreign liquorSection 6 · Power of State Government to declare limit of sale by retailSection 7 · Possession of intoxicant by wife, clerk servantSection 8 · Saving of enactmentsIndia Code, Government of India. Text fetched 17 Oct 2026. Source metadata reports last modification: 2024-04-12. Check the linked official text and subsequent notifications when applying a provision.