Court Orders 7.5% Interest on Eight-Year Delay in Duty Drawback Brand Rate Decision; Not Petitioner's Fault.

Court Orders 7.5% Interest on Eight-Year Delay in Duty Drawback Brand Rate Decision; Not Petitioner's Fault. https://www.taxtmi.com/highlights?id=62892 Seeking interest on belated payment of duty drawback - inordinate delay in determining the brand rate of duty drawback for over a period of 8 years - As the delay is not on account of the petitioner in failing to file any documents required for processing the duty drawback - the respondents to pay interest at 7.5% p.a. from the date of applications filed for fixation of brand rate on 16.09.2000 and 03.11.2000 respectively. - HC en-us Wed, 13 Apr 2022 14:58:02 +0530 Wed, 13 Apr 2022 14:58:02 +0530 TaxTMI RSS Generator Court Orders 7.5% Interest on Eight-Year Delay in Duty Drawback Brand Rate Decision; Not Petitioner's Fault. https://www.taxtmi.com/highlights?id=62892 Seeking interest on belated payment of duty drawback - inordinate delay in determining the brand rate of duty drawback for over a period of 8 years - As the delay is not on account of the petitioner in failing to file any documents required for processing the duty drawback - the respondents to pay interest at 7.5% p.a. from the date of applications filed for fixation of brand rate on 16.09.2000 and 03.11.2000 respectively. - HC Highlights Customs Wed, 13 Apr 2022 14:58:02 +0530 https://www.taxtmi.com/highlights?id=62892