DGFT Policy Circular No.09 dated 05.06.2008
Payment of interest on delayed refund of Deemed Export DBK/ TED/ CST-
clarification
In terms of Handbook of Procedure Vol I 2004-2009 (RE
11.04.2008), the application for claiming interest has to be filed in the
prescribed Aayat Niryat form within a period of 90 days after receipt of cheque
for the main claim. The said AN form was released under Public Notice No. 10
(RE-2008)/2004-2009, dated 29th April, 2008. However, a doubt has been raised
about the period of filing claim for interest in those cases which were approved
on or after 01.04.2007 upto the date of policy announcement in this behalf on
11.04.2008. It is clarified that the claim for interest may be filed within 90
days from 29.04.2008, i.e. the date of issue of above mentioned Public Notice.
The same period of 90 days will also be applicable for old cases approved on or
after 01.04.2007 till 29.04.2008. For fresh cases, the period of 90 days will
apply from the date of issue of cheque.
Yours faithfully,
Sd/-
(A.C. Jha)
Dy. Director General of Foreign Trade
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