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Procedure

8.5

Document type
Procedure
Dated

Payment of interest on delayed refund of Duty Drawback / TED

Payment of interest on delayed refund of Duty Drawback / TED

8.5

For payment of interest, in accordance with Para 8.5.1 of FTP, separate application for claiming interest is not required and a single cheque for main claim and interest can be issued to the claimant. However, separate account will be maintained by RAs for the amount of interest disbursed by them.

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