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Duty drawback

Customs - Started By: - ZULFIKAR VOHRA - Dated:- 13-8-2016 Last Replied Date:- 7-9-2016 - Dear expertswe exported material under , our drawback and STR also sanctioned, but due to some technical problem in product we short received payment from overseas customer.please advice what is procedure to payback drawback and STR amount to customThanking you in advanceZulfikar B. Vohra - Reply By MANISH SINHA - The Reply = Dear Mr. Vohra,Excess realized and STR may be deposited to Customs Account and sam .....

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interest rate is 15%. Rule 16. Repayment of erroneous or excess payment of drawback and interest. - Where an amount of drawback and interest, if any, has been paid erroneously or the amount so paid is in excess of what the claimant is entitled to, the claimant shall, on demand by a proper officer of Customs repay the amount so paid erroneously or in excess, as the case may be, and where the claimant fails to repay the amount it shall be recovered in the manner laid down in sub-section (1) of sec .....

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