Duty drawback

[Asked by Guest]

Dear experts

we exported material under duty drawback, our drawback and STR also sanctioned, but due to some technical problem in product we short received payment from overseas customer.

please advice what is procedure to payback drawback and STR amount to custom

Thanking you in advance

Zulfikar B. Vohra

AI Summary

Duty drawback repayment must be deposited to customs and repaid with interest; nonpayment may be recovered under customs law.
Excess or erroneously paid duty drawback and STR must be deposited to the Customs account and intimated with deposit details and the challan code; repayment obligations arise on demand and unpaid amounts may be recovered through Customs recovery mechanisms. Interest is chargeable on such repayments at the applicable statutory rate, and claimants should obtain the correct challan code from their customs house agent and follow deposit and intimation procedures. Commercial write-offs do not extinguish the statutory obligation to refund drawback and STR with interest.