Building and Other Construction Workers' Welfare Cess Act : Interest payable on delay in payment of

Building and Other Construction Workers' Welfare Cess Act,1996

Act No : 28

Section : Interest payable on delay in payment of cess.

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 of assessment, such employer 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 tilt such amount is actually paid.