Export credit realisation compliance: exporters must submit proof or pay equivalent cash or face suspension of export benefits. Exporters issued DEPB credits must realise export proceeds within six months (or RBI extension) and, if not realised, pay in cash an amount equivalent to the DEPB entitlement or any shortfall under para 7.38; exporters who have not submitted proof or paid were permitted to comply by 31.12.1999, failing which issuance of DEPBs, advance licences and related benefits may be suspended and other enforcement measures taken under the Foreign Trade rules.
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.
Export credit realisation compliance: exporters must submit proof or pay equivalent cash or face suspension of export benefits.
Exporters issued DEPB credits must realise export proceeds within six months (or RBI extension) and, if not realised, pay in cash an amount equivalent to the DEPB entitlement or any shortfall under para 7.38; exporters who have not submitted proof or paid were permitted to comply by 31.12.1999, failing which issuance of DEPBs, advance licences and related benefits may be suspended and other enforcement measures taken under the Foreign Trade rules.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
