Realization of Export Proceeds: exporters must produce bank realization evidence or face recovery under drawback rules. Exporters receiving drawback must file an undertaking to submit a Bank Realization Certificate for the relevant consignment within six months of export (or any period extended under FEMA); if they fail to submit the BRC or surrender the drawback, the Deputy/Assistant Commissioner shall issue a notice demanding repayment of the drawback amount under Rule 16(A) of the Drawback 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.
Realization of Export Proceeds: exporters must produce bank realization evidence or face recovery under drawback rules.
Exporters receiving drawback must file an undertaking to submit a Bank Realization Certificate for the relevant consignment within six months of export (or any period extended under FEMA); if they fail to submit the BRC or surrender the drawback, the Deputy/Assistant Commissioner shall issue a notice demanding repayment of the drawback amount under Rule 16(A) of the Drawback Rules.
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