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Refund Approved for Interest on EPCG Duty; Policy Silent on Interest for Composition Fee.

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Full Text of the Document

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....Refund of Interest paid settled amount of 50% of duty forgone - EPCG scheme - failure or delay in fulfilling the condition the export obligation - there is no mention in the Policy that this composition fee which is paid as a duty is to be paid along with interest - refund allowed.....