Section 7A: Interest on late payment of excise duty

7A. Interest on late payment of excise duty (1) A manufacturer who fails to pay any excise duty shall, in addition to that duty, pay to the Director-General interest for the period during which the excise duty due remains unpaid. (2) The interest required under subsection (1) shall be charged at the rate of 0.5 per cent of the excise duty due for each month or part of each month for which that duty remains unpaid. (f) in section 9, by adding the following new subsection, the existing provision being numbered as subsection (1) – (2) (a) A person may, in respect of subsection (1), apply for a composite licence. (b) The licence fee for a composite licence shall be the sum total of the licence fees payable in relation to each licence for which the composite licence is issued. (g) by inserting, after section 53, the following new section –