52. Mode of payment of Interest.-

(1) The interest payable under sub-section (5) of section 31 shall be paid in the same manner as the tax or other amount due under the Act, in relation to which such interest is charged, is payable.

(2) The assessing authority concerned may calculate the interest payable under sub-section (5) of section 31 from time to time and may issue a notice in Form No. 12 On receipt of the notice the dealer shall pay the interest due in the manner specified in sub-rule (1).

Explanation:- The dealer or other person concerned shall be liable to pay the interest under subsection (5) of Section 31 whether he receives a notice under this sub-rule or not.