Bank Realisation Certificate compliance required; exporters must submit BRCs/negative statements or face drawback recovery with interest. Exporters must submit Bank Realisation Certificates (BRCs) or negative statements for specified EDI shipping bills in the prescribed six monthly format so the BRC module in ICES can be updated. The Customs Bangalore website publishes the list of shipping bills with missing BRCs. A Nodal Officer and an Assistant Commissioner are designated to receive the documents and assist exporters. Failure to submit by the stipulated deadline will lead to recovery of sanctioned drawback amounts with interest under the Customs Act, 1962.
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 compliance required; exporters must submit BRCs/negative statements or face drawback recovery with interest.
Exporters must submit Bank Realisation Certificates (BRCs) or negative statements for specified EDI shipping bills in the prescribed six monthly format so the BRC module in ICES can be updated. The Customs Bangalore website publishes the list of shipping bills with missing BRCs. A Nodal Officer and an Assistant Commissioner are designated to receive the documents and assist exporters. Failure to submit by the stipulated deadline will lead to recovery of sanctioned drawback amounts with interest under the Customs Act, 1962.
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