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of <h1>Claim Customs Duty Refund Under Section 27 of Customs Act, 1962; Interest on Delayed Refunds Applicable</h1> In cases where excess customs duty is paid on imported or exported goods, a refund can be claimed by the payer under Section 27 of the Customs Act, 1962. The application must be submitted within six months or one year, depending on the applicant's status, with necessary documentation. If the refund is approved, the amount is usually credited to the Consumer Welfare Fund unless specific conditions apply. Interest at 15% is payable on delayed refunds beyond three months from the application date. The Customs Refund Application (Form) Regulations, 1995, guide the process.
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