https://www.taxtmi.com/caselaws?id=919 Where export proceeds remain unrealised, the customs component of duty drawback cannot be refunded back to the exporter and may be recovered under the Customs Act, 1962. The revisional relief was confined to the excise duty component, and the order could not be construed as directing refund of the customs component. However, once the excise component became refundable and was paid only after a long delay, interest was payable on that delayed restitution. Applying the principle reflected in Section 11BB of the Central Excises Act, 1944 and analogous customs provisions, the Court awarded simple interest at 12% per annum on the excise refund for the relevant period after adjustment of amounts already paid. en-us Sat, 18 Nov 2006 00:00:00 +0530 Sun, 13 Apr 2008 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=919 Where export proceeds remain unrealised, the customs component of duty drawback cannot be refunded back to the exporter and may be recovered under the Customs Act, 1962. The revisional relief was confined to the excise duty component, and the order could not be construed as directing refund of the customs component. However, once the excise component became refundable and was paid only after a long delay, interest was payable on that delayed restitution. Applying the principle reflected in Section 11BB of the Central Excises Act, 1944 and analogous customs provisions, the Court awarded simple interest at 12% per annum on the excise refund for the relevant period after adjustment of amounts already paid. Case-Laws Customs Sat, 18 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=919