Section 140: Time limit on payment of drawback, etc.

All claims for drawback and applications for overpayments or refunds of import or export duty or fees shall be made within a period of one year reckoned -
(a)
in the case of drawbacks, from the date of the exportation of the relative goods or the performance of the conditions on which drawback is allowed, as the case may be;
(b)
in the case of goods exported or put on board an aircarft or ship for use as stores, from the date of putting the same on board the exporting or using aircraft or ship; and
(c)
in the case of overpayments and other refunds of import or export duty or fee, from the date of the overpayment or the payment of the duty or fee, as the case may be.