CourtMesh

Section 75A: Interest on drawback.

The Customs Act, 1962Central Act · Act 52 of 1962

[75A. Interest on drawback.--(1) Where any drawback payable to a claimant under section 74 or section 75 is not paid within a [period of [one month]] from the date of filing a claim for payment of such drawback, there shall be paid to that claimant in addition to the amount of drawback, interest at the rate fixed under section 27A from the date after the expiry of the said [period of [one month]] till the date of payment of such drawback:

* * * * *

[(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, pay in addition to the said amount of drawback, interest at the rate fixed under [section 28AA] and the amount of interest shall be calculated for the period beginning from the date of payment of such drawback to the claimant till the date of recovery of such drawback.]

Where this provision sits

ActThe Customs Act, 1962
Section75A
Marginal noteInterest on drawback.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted. . Ins. by s. 62, ibid. (w.e.f. 26-5-1995).
  • substituted, Act 8 of 1999. . Subs. by Act 8 of 1999, s. 2, for "period of three months" (w.e.f. 8-1-1999).
  • substituted, Act 32 of 2003. . Subs. by Act 32 of 2003, s. 115, for "two months" (w.e.f. 14-5-2003).
  • omitted. . The proviso omitted by s. 115, ibid. (w.e.f. 14-5-2003).
  • substituted, Act 22 of 2007. . Subs. by Act 22 of 2007, s. 98, for sub-section (2) (w.e.f. 11-5-2007).
  • substituted, Act 23 of 2012. . Subs. by Act 23 of 2012, s. 125, for "section 28AB" (w.e.f. 8-4-2011).

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

  • Search 49,000+ Central and State enactments by what a provision says, not by its number
  • Jump from any section to every judgment that has applied it
  • Search 300 million+ Indian court records alongside the statute
  • Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? The Customs Act, 1962 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.