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of <h1>Customs Duty Refunds: Speed Up Processing u/s 27 of Customs Act 1962 for Better Transparency and Accountability.</h1> The circular addresses delays in customs duty refunds, highlighting complaints from importers, exporters, and industry associations. It emphasizes the need for timely processing of refund applications under Section 27 of the Customs Act, 1962. Key procedures include immediate receipt acknowledgment, scrutiny within ten days, and processing on a first-come-first-served basis. Refunds should be issued within three days post-order, with audits for amounts over Rs. 5 lakhs. An online database will track application statuses for transparency. The Central Vigilance Commission's instructions for transparency and accountability are referenced, and a monitoring mechanism is established for oversight.
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