(1) If any exporter or importer has paid the customs duty in excess of the duty which is chargeable on exportation or importation under the laws, the concerned Customs Office shall refund, as prescribed such excess customs duty to that exporter or importer.
(2) Notwithstanding anything contained in Sub-section
(1), no customs duty shall be refunded on the following condition:
(a) If no application is submitted to the concerned Customs Office to take refund of such duty within sixty days after the release of goods, or
(b) If the figure claimed for refund is less than five hundred rupees.
(3) If, in making decision on an appeal made under this Act against the duty or fine recovered by the Customs Officer, decision is made to waive all or any of the duty or fine so recovered, the Customs Officer may, notwithstanding anything contained in the prevailing laws, refund such customs duty or fine to the concerned
person only where no further appeal can be made against that order or only after the concerned court decides not to grant permission.