Interest on delayed refunds not payable on customs security or project import deposits; applies to duty and drawback refunds. Clarifies that interest for delayed refunds under the Customs framework applies to duty and drawback refunds but is not payable on refunds of deposits such as security deposits or project import deposits; reiterates that refund claims must be finalised promptly, normally settled at the Assistant Commissioner level, with speedy pre audit and cheque issuance.
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Provisions expressly mentioned in the judgment/order text.
Interest on delayed refunds not payable on customs security or project import deposits; applies to duty and drawback refunds.
Clarifies that interest for delayed refunds under the Customs framework applies to duty and drawback refunds but is not payable on refunds of deposits such as security deposits or project import deposits; reiterates that refund claims must be finalised promptly, normally settled at the Assistant Commissioner level, with speedy pre audit and cheque issuance.
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