In the result, appeal of the assessee is partly allowed
45 of the CERC Regulations 2014-19\nprovides for late payment surcharge as under -\n45. Late Payment Surcharge In case the payment of any bill for charges\npayable under these regulations is delayed by a beneficiary of long term\ntransmission customer/DICs as the case may be, beyond a period of 60 days\nfrom the date of billing, a late payment