Customs Act, 1962 — Chapter X: Drawback
75A. Interest on drawback
- Where any drawback payable to a claimant under section 74 or 75 is not paid within one month from the date of the claim, interest is payable, at a rate fixed by the Central Government (not below 5% and not exceeding 30% per annum), from the expiry of that month until payment.
- Where drawback has been paid to a claimant erroneously or in excess of what he is entitled to, the claimant shall repay the amount so paid or the excess, along with interest at a rate fixed by the Central Government (not below 10% and not exceeding 36% per annum), from the date of payment until repayment.
