Customs Act, 1962
Section 75A—Interest on belated refund of duty drawback—Where duty drawback is not paid within a period of three months from the date of filing of claim, the claimant would be entitled to interest in addition to the amount of drawback.
[Para 36]
Exim Policy, 1992-1997
Refund of Duty Drawback—Entitlement—Civil construction work—Supply of goods to the project in question by the respondent was a case of ‘deemed export’ and thus entitled to the benefit under Duty Drawback Scheme—Language employed in policy made this very clear and there was no ambiguity in respect of such entitlement—Respondent entitled to refund of duty drawback.
[Para 33 & 37]
Interest on delayed duty drawback refund—Entitlement—Since there was a belated refund of the duty drawback to the respondent, it was entitled to interest at the rate which was fixed by the Central Government at the relevant point of time being fifteen percent.
[Para 38]