Interest on drawback
X X X X Extracts X X X X
X X X X Extracts X X X X
.... interest at the rate fixed under section 27A from the date after the expiry of the said ^2A[period of ^4A[one month]] till the date of payment of such drawback: ^5[****] ^6[(2) Where any drawback has been paid to the claimant erroneously or it becomes otherwise recoverable under this Act or the rules made thereunder, the claimant shall, within a period of two months from the date of demand,....
X X X X Extracts X X X X
X X X X Extracts X X X X
....9 before it was read as, "three months" 3A. Substituted vide Customs (Amendment) Act, 1998 dated 08-01-1999 before it was read as, "three months" 4. Substituted vide Section 115 of the Finance Act, 2003 w.e.f. 14-05-2003 before it was read as, "two months" 4A. Substituted vide Section 115 of the Finance Act, 2003 w.e.f. 14-05....
TaxTMI