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Customs - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Refund of Interest paid settled amount of 50% of duty forgone - ...


Refund Approved for Interest on EPCG Duty; Policy Silent on Interest for Composition Fee.

August 2, 2019

Case Laws     Customs     AT

Refund of Interest paid settled amount of 50% of duty forgone - EPCG scheme - failure or delay in fulfilling the condition the export obligation - there is no mention in the Policy that this composition fee which is paid as a duty is to be paid along with interest - refund allowed.

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