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Section 5: Consequences on non-refund

The Goa (Prohibition of Further Payments and Recovery of Rebate Benefits) Act, 2002State Act of Goa · Act 8 of 2002

All industrial consumers specified in section 2 and who fail to comply with the provisions of said section 2 within the stipulated period, shall be liable to pay interest on the sum due @ 18% per annum from the date of expiry of the period specified in section 3, till full refund is effected.

Where this provision sits

ActThe Goa (Prohibition of Further Payments and Recovery of Rebate Benefits) Act, 2002
Section5
Marginal noteConsequences on non-refund
JurisdictionState of Goa
StatusIn force as published by the source

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