Bank Realisation Certificates must be submitted within six months or customs will block drawback payments and pursue recovery. Customs has implemented a BRC verification module in the EDI System-Exports (ICES/E) to monitor realization of export proceeds for all shipping bills where drawback has been sanctioned and paid; exporters must submit BRC details in a prescribed format, Superintendent (Drawback) will verify hard-copy BRCs and register acceptance or rejection, and the system will alert authorities and block sanction of drawback where BRCs are not submitted within six months, enabling recovery action under the Duty Drawback Rules and FEMA-linked regulations.
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Bank Realisation Certificates must be submitted within six months or customs will block drawback payments and pursue recovery.
Customs has implemented a BRC verification module in the EDI System-Exports (ICES/E) to monitor realization of export proceeds for all shipping bills where drawback has been sanctioned and paid; exporters must submit BRC details in a prescribed format, Superintendent (Drawback) will verify hard-copy BRCs and register acceptance or rejection, and the system will alert authorities and block sanction of drawback where BRCs are not submitted within six months, enabling recovery action under the Duty Drawback Rules and FEMA-linked regulations.
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