Drawback recovery for unrealised export proceeds governs notice, proportional recovery, later repayment, and limited exceptions. Recovery of drawback is required where export sale proceeds are not realised within the period allowed under the Foreign Exchange Management Act, 1999, including any extension, except in the limited circumstances specified by the rule. Where the exporter fails to produce evidence of realisation, the customs officer must issue notice and, if evidence is not produced within thirty days, recover the drawback; partial realisation limits recovery proportionately. Recovered drawback may be repaid if sale proceeds are later realised and evidence is produced within three months, with a possible extension, and no recovery is made in the specified insurance and write-off cases.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Drawback recovery for unrealised export proceeds governs notice, proportional recovery, later repayment, and limited exceptions.
Recovery of drawback is required where export sale proceeds are not realised within the period allowed under the Foreign Exchange Management Act, 1999, including any extension, except in the limited circumstances specified by the rule. Where the exporter fails to produce evidence of realisation, the customs officer must issue notice and, if evidence is not produced within thirty days, recover the drawback; partial realisation limits recovery proportionately. Recovered drawback may be repaid if sale proceeds are later realised and evidence is produced within three months, with a possible extension, and no recovery is made in the specified insurance and write-off cases.
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