https://www.taxtmi.com/caselaws?id=102707 Interest is payable on delayed sanction of drawback when the drawback is not released within the statutory period. Section 75A of the Customs Act, 1962 applies where drawback remains unpaid beyond two months from the date of claim, and the applicable rate is determined by reference to Section 27A and the relevant notifications issued under that provision. The appellant was therefore entitled to interest on the delayed drawback, and the Commissioner was directed to quantify the amount in accordance with the statutory scheme and notification-based rate. en-us Wed, 20 Feb 2002 00:00:00 +0530 Wed, 15 Feb 2012 17:43:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102707 Interest is payable on delayed sanction of drawback when the drawback is not released within the statutory period. Section 75A of the Customs Act, 1962 applies where drawback remains unpaid beyond two months from the date of claim, and the applicable rate is determined by reference to Section 27A and the relevant notifications issued under that provision. The appellant was therefore entitled to interest on the delayed drawback, and the Commissioner was directed to quantify the amount in accordance with the statutory scheme and notification-based rate. Case-Laws Customs Wed, 20 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102707