Period of limitation clarified: refund claims and document amendment time limits run from date of duty or interest payment. The amendment inserts a new Explanation to section 27(1) clarifying that the one year period of limitation for claims of refund under clause (b) of ... Summary
Period of limitation clarified: refund claims and document amendment time limits run from date of duty or interest payment.
The amendment inserts a new Explanation to section 27(1) clarifying that the one year period of limitation for claims of refund under clause (b) of section 18A(3) or for amendments under section 149 is computed from the date of payment of the relevant duty or interest.
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