TaxTMI 
TaxTMI 
Dear Sir, i got sanctioned drawback in June, 2015 but not received export proceeds till 2018. Customs department sent a letter on 15.01.2019 for submitting the BRC. Now i got the export proceeds in March, 2019. BRC is generated now. What are my liabilities now. Whether i have to pay the interest from 2015 to March 2019?
Drawback and interest on late export proceeds
30 Apr 2019 
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Drawback interest liability when export proceeds are realized late - interest may be payable; waiver possible under rule 19.
Issue: whether interest is payable when drawback was sanctioned but export proceeds and BRC were realised only after several years. Drawback entitlement relates to exported goods and the BRC is proof of realisation; delay in obtaining it is a procedural lapse but may justify waiver under the Drawback Rules where delay was beyond the claimant's control. Separate statutory recovery provisions permit recovery of drawback with interest from the date of payment until recovery unless the sanctioning authority exercises its relaxation power to waive interest. (AI Summary)
Issue: whether interest is payable when drawback was sanctioned but export proceeds and BRC were realised only after several years. Drawback entitlement relates to exported goods and the BRC is proof of realisation; delay in obtaining it is a procedural lapse but may justify waiver under the Drawback Rules where delay was beyond the claimant's control. Separate statutory recovery provisions permit recovery of drawback with interest from the date of payment until recovery unless the sanctioning authority exercises its relaxation power to waive interest. (AI Summary)