Export proceeds compliance: exporters must file six month negative statements detailing unpaid or late realisations against shipping bills. Exporters must submit separate six-month negative statements from Authorized Dealers/Chartered Accountants (January-June and July-December) showing export proceeds against specific shipping bills and indicating proceeds not realised or realised beyond Reserve Bank of India time limits; consolidated or blank 'Nil' certificates are not acceptable and contravene customs and drawback compliance requirements.
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.
Export proceeds compliance: exporters must file six month negative statements detailing unpaid or late realisations against shipping bills.
Exporters must submit separate six-month negative statements from Authorized Dealers/Chartered Accountants (January-June and July-December) showing export proceeds against specific shipping bills and indicating proceeds not realised or realised beyond Reserve Bank of India time limits; consolidated or blank "Nil" certificates are not acceptable and contravene customs and drawback compliance requirements.
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