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Excise Act, 2001

Version of section 171 from 2003-06-19 to 2024-05-01:

Marginal note:Compound interest on amounts payable by Minister

 Interest shall be compounded daily at the prescribed rate on any amount payable by the Minister to a person. The interest shall be computed for the period beginning on the first day after the day on which the amount is required to be paid and ending on the day on which the amount is paid or is applied against an amount owed by the person to Her Majesty, unless this Act provides otherwise.

  • 2002, c. 22, s. 171
  • 2003, c. 15, s. 93

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