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of <h1>Rule 16A: Recovering Drawback Amounts When Export Proceeds Aren't Realized in Time; Conditions for Repayment Explained.</h1> Rule 16A of the Customs, Central Excise Duties, and Service Tax Drawback Rules, 1995, addresses the recovery of drawback amounts when export proceeds are not realized within the period allowed by the Foreign Exchange Management Act, 1999. If an exporter fails to provide evidence of realization, they receive a notice and must produce evidence within 30 days. Failure to comply results in an order to recover the drawback amount. If the proceeds are later realized, the amount can be repaid upon evidence submission. Exceptions apply if non-realization is compensated by insurance and written off by the Reserve Bank of India.
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