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Customs - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Where any drawback payable to any claimant u/s 74 or 75 is not ...


Interest Payable on Late Drawback u/ss 74 or 75; Section 75A and 27A Guidelines Apply.

May 11, 2017

Case Laws     Customs     HC

Where any drawback payable to any claimant u/s 74 or 75 is not paid within the period set out under sub­section (1) of Section 75­A, then, there is an obligation to pay interest. That interest is to be paid at the rate fixed u/s 27­A - The entitlement for interest is from the date after the expiry of the period of one month till the payment of such drawback. - HC

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