Acceptance of e-BRC as proof of realization for specified export LEOs, subject to exporter declaration and misuse safeguards. Acceptance of DGFT electronic Bank Realisation Certificate (e-BRC) is permitted as proof of realization for drawback claims on Shipping Bills with LEO dates from 12.08.2012 to 31.03.2014, except where specific intelligence of misuse exists. Acceptance is conditional on an exporter declaration on the reverse of the e-BRC stating that the realized value represents sale proceeds within the allowed period and confirming whether the realized value meets drawback valuation or, if short, providing a breakup of freight, insurance and commission and returning any excess drawback 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.
Acceptance of e-BRC as proof of realization for specified export LEOs, subject to exporter declaration and misuse safeguards.
Acceptance of DGFT electronic Bank Realisation Certificate (e-BRC) is permitted as proof of realization for drawback claims on Shipping Bills with LEO dates from 12.08.2012 to 31.03.2014, except where specific intelligence of misuse exists. Acceptance is conditional on an exporter declaration on the reverse of the e-BRC stating that the realized value represents sale proceeds within the allowed period and confirming whether the realized value meets drawback valuation or, if short, providing a breakup of freight, insurance and commission and returning any excess drawback with interest.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
