https://www.taxtmi.com/forum/issue?id=114928 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. en-us Tue, 30 Apr 2019 17:47:46 +0530 Thu, 23 Jan 2025 15:55:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114928 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. Discussion-Forum Customs Tue, 30 Apr 2019 17:47:46 +0530 https://www.taxtmi.com/forum/issue?id=114928