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TMI BlogDuty drawbackX X X X Extracts X X X X X X X X Extracts X X X X ..... Duty drawback X X X X Extracts X X X X X X X X Extracts X X X X ..... and STR amount to custom Thanking you in advance Zulfikar B. Vohra Reply By MANISH SINHA: The Reply: Dear Mr. Vohra, Excess realized Duty Drawback and STR may be deposited to Customs Account and same to be intimated along with details and deposit challan to Customs authority. Regards, Manish Sinha Reply By ZULFIKAR VOHRA: The Reply: thank you so much sir, your information will needfull wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th us. secondly also inform us payback drawback to custom on which code (i.e. challn code) and interest rate? Zulfikar B. Vohra Reply By MANISH SINHA: The Reply: Dear Sir, Please follow Rule 16 of Duty Drawback Rule 1995. Ask the code from your CHA. Budget 2016 provides various category of Interest Rate. At present interest rate is 15%. Rule 16. Repayment of erroneous or excess payment of dr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... awback and interest. - Where an amount of drawback and interest, if any, has been paid erroneously or the amount so paid is in excess of what the claimant is entitled to, the claimant shall, on demand by a proper officer of Customs repay the amount so paid erroneously or in excess, as the case may be, and where the claimant fails to repay the amount it shall be recovered in the manner laid down i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n sub-section (1) of section 142 of the Customs Act, 1962 (52 of 1962). Regards, Manish Sinha Reply By ZULFIKAR VOHRA: The Reply: Thank you so much for guid me Reply By CS SANJAY MALHOTRA: The Reply: Dear MR. Manish Sinha ji, Nicely explained. Reply By MANISH SINHA: The Reply: Thank you Sir Sh. Sanjay Malhotra ji. Always looks forward for your addition. Regards, Manish Reply By Kisha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Barai: The Reply: Is your payment received too short ?? Exporters can write off bills up to 5% Status holder can write off bills up to 10% There is no limits for SEZ. Thank You. Reply By YAGAY AND SUN: The Reply: Writing off 5% or 10% will not absolve from the liability to pay back the Duty Drawback along with interest at applicable rate. Reply By ZULFIKAR VOHRA: The Reply: THANK YOU S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... O MUCH SIR. X X X X Extracts X X X X X X X X Extracts X X X X
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