Time limit for refund sanctions: failure to sanction within statutory period triggers departmental interest liability for delayed exporter refunds. Refunds must be sanctioned within ninety days generally, subject to an exception permitting provisional refunds to certain exporters to the extent of ... Summary
Time limit for refund sanctions: failure to sanction within statutory period triggers departmental interest liability for delayed exporter refunds.
Refunds must be sanctioned within ninety days generally, subject to an exception permitting provisional refunds to certain exporters to the extent of eighty percent of the claim; failure to sanction within the three month period obliges the department to pay interest on the delayed refund.
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