Interest Payable on Late Drawback u/ss 74 or 75; Section 75A and 27A Guidelines Apply.

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....Where any drawback payable to any claimant u/s 74 or 75 is not paid within the period set out under sub­section (1) of Section 75­A, then, there is an obligation to pay interest. That interest is to be paid at the rate fixed u/s 27­A - The entitlement for interest is from the date after the expiry of the period of one month till the payment of such drawback. - HC....