Export proceeds compliance: submit Negative Statements or face drawback recovery and IEC suspension. Requirement for exporters, customs brokers and trade members to submit Negative Statement/Certificate or bank realization certificates for export proceeds relating to EDI Shipping Bills with LEO prior to 01.04.2013 in CBEC six monthly format; an extended final deadline is provided and non submission will lead to administrative action for recovery of drawback and suspension/alert on IECs. Nodal officers are appointed to receive statements and assist with EDI issues.
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: submit Negative Statements or face drawback recovery and IEC suspension.
Requirement for exporters, customs brokers and trade members to submit Negative Statement/Certificate or bank realization certificates for export proceeds relating to EDI Shipping Bills with LEO prior to 01.04.2013 in CBEC six monthly format; an extended final deadline is provided and non submission will lead to administrative action for recovery of drawback and suspension/alert on IECs. Nodal officers are appointed to receive statements and assist with EDI issues.
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