Delayed customs refund interest applies when duty is not refunded within three months, with appellate refund orders covered too. Interest is payable on customs duty ordered to be refunded under section 27(2) if the refund is not made within three months from receipt of the refund application under section 27(1). The interest runs from the day after expiry of the three-month period until refund, at a rate notified by the Central Government within the prescribed statutory range. Appellate or court refund orders are treated as orders under section 27(2) for this purpose.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Delayed customs refund interest applies when duty is not refunded within three months, with appellate refund orders covered too.
Interest is payable on customs duty ordered to be refunded under section 27(2) if the refund is not made within three months from receipt of the refund application under section 27(1). The interest runs from the day after expiry of the three-month period until refund, at a rate notified by the Central Government within the prescribed statutory range. Appellate or court refund orders are treated as orders under section 27(2) for this purpose.
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