Drawback interest period reduced; monthly statements must adopt revised pending-period breakups for claim reporting henceforth. Amendment reduces the period after which interest is payable on duty drawback claims from three months to two months and requires the monthly statement on receipts, disposal and pendency of drawback claims to present pending cases under four periods: below one month; one to two months; over two months; and over one year.
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Drawback interest period reduced; monthly statements must adopt revised pending-period breakups for claim reporting henceforth.
Amendment reduces the period after which interest is payable on duty drawback claims from three months to two months and requires the monthly statement on receipts, disposal and pendency of drawback claims to present pending cases under four periods: below one month; one to two months; over two months; and over one year.
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