The Bengal Land-Revenue (Interest) Act, 1935
Bengal Act 17 of 1935
[26th September, 1935.]
An Act to provide for the removal of doubts as to the payment of interest on arrears of land-revenue.
Whereas it is expedient to provide for the removal of any doubts as to the liability to pay interest on arrears of land-revenue ;
It is hereby enacted as follows :-
1. Short title. - This Act may be called the Bengal Land-Revenue (Interest) Act, 1935.
2. Interest on arrears of revenue. - (1) Notwithstanding anything contained in any other law, interest shall be payable, and shall be deemed, with effect from the 19th day of January, 1933, to have been payable, on all arrears of land-revenue, and such interest shall be recoverable as a public demand.
(2) All such interest shall,-
(a) in respect of the period from the 19th day of January, 1933, up to the commencement of this Act, be deemed to have been payable at the rate of seven and a half per centum per annum,
(b) in respect of any period after the commencement of this Act, be payable at such rate not exceeding [six and a quarter] per centum per annum as the [State Government] may, by notification in the [Official Gazette], determine.