Systems Alert for monitoring realisation of export proceeds in EDI under the BRC Module for ICES (introduced in year 2009) and the new RBI BRC Module introduced under DG (Systems) letter dated 28.8.2014
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Monitoring of export proceeds: mandatory BRC data entry, public notice deadlines and publication to reconcile EDI drawback shipping bills. Direction to operationalise monitoring and reconciliation of foreign exchange realisation for drawback EDI shipping bills via the ICES BRC Module and RBI BRC Module. Commissioners must ensure certificates and negative statements already received are promptly entered in the BRC Module to avoid unwarranted recovery notices; shipping bills with LEOs 1.4.2013-31.3.2014 must be processed per existing directions. Public notices, designated nodal officers, a special drive with dedicated staff, publication of unreconciled lists on 1.3.2016, consolidated reporting by Zones, and escalation of RBI BRC Module difficulties to Systems Directorate are mandated.
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.
Monitoring of export proceeds: mandatory BRC data entry, public notice deadlines and publication to reconcile EDI drawback shipping bills.
Direction to operationalise monitoring and reconciliation of foreign exchange realisation for drawback EDI shipping bills via the ICES BRC Module and RBI BRC Module. Commissioners must ensure certificates and negative statements already received are promptly entered in the BRC Module to avoid unwarranted recovery notices; shipping bills with LEOs 1.4.2013-31.3.2014 must be processed per existing directions. Public notices, designated nodal officers, a special drive with dedicated staff, publication of unreconciled lists on 1.3.2016, consolidated reporting by Zones, and escalation of RBI BRC Module difficulties to Systems Directorate are mandated.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.