Bank Realisation Certificate submission requirement: exporters must file corrected BRCs/negative statements or face recovery action under Customs Act. Exporters with drawback shipping bills dated 01.04.2013-31.03.2014 must submit Bank Realisation Certificates or negative statements as mandated by Circular 05/2009 Cus on a six monthly basis; defective submissions due to incorrect AD codes must be rectified and resubmitted to enable entry in the BRC module of ICES. A nodal officer is appointed to receive documents and assist exporters. Failure to comply will lead to recovery action under the Customs Act to recover drawback amounts with interest.
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.
Bank Realisation Certificate submission requirement: exporters must file corrected BRCs/negative statements or face recovery action under Customs Act.
Exporters with drawback shipping bills dated 01.04.2013-31.03.2014 must submit Bank Realisation Certificates or negative statements as mandated by Circular 05/2009 Cus on a six monthly basis; defective submissions due to incorrect AD codes must be rectified and resubmitted to enable entry in the BRC module of ICES. A nodal officer is appointed to receive documents and assist exporters. Failure to comply will lead to recovery action under the Customs Act to recover drawback amounts with interest.
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