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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New RBI Circular: Exporters Must Track Export Proceeds Timely via BRC Module or Risk Drawback Recovery.</h1> The circular addresses the monitoring of export proceeds realization under the BRC module for ICES and the new RBI BRC Module. Exporters and related parties are reminded of the statutory requirements for timely reporting and realization of export proceeds. If proceeds are not realized within the prescribed time, the drawback amount must be recovered. The circular outlines procedures for exporters to submit certificates from authorized dealers or chartered accountants detailing outstanding shipments. It introduces a BRC software module to facilitate tracking and reporting, ensuring compliance with statutory requirements. Exporters are advised to check integration status and report difficulties to designated officers.
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