law: Expenditure-Tax Act, 1987 
  14. Interest on delayed payment of
  
  expenditure-tax 
  Every person responsible for collecting
  
  expenditure-tax and paying it to the credit of the Central Government in
  
  accordance with the provisions of section 7, who fails to credit the tax to the
  
  account of the Central Government within the period specified in that section,
  
  shall pay simple interest at the rate of one and one-half per cent for every
  
  month or part of a month by which such crediting of tax is delayed.