Bank Realization Certificate compliance required to avoid drawback recovery and interest following unrealised export proceeds. Non-realisation of export proceeds identified via the RBI-BRC module has prompted a compliance drive requiring exporters to submit Bank Realization Certificates (BRCs) or repay sanctioned drawback amounts with applicable interest. Affected shipping bills and exporter lists are published online; valid e BRCs submitted to the dedicated BRC Cell will be verified and cases closed expeditiously. Exporters may use ICEGATE and SB EDPMS enquiries for verification and rectification. Failure to comply will trigger system alerts and recovery proceedings for 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.
Bank Realization Certificate compliance required to avoid drawback recovery and interest following unrealised export proceeds.
Non-realisation of export proceeds identified via the RBI-BRC module has prompted a compliance drive requiring exporters to submit Bank Realization Certificates (BRCs) or repay sanctioned drawback amounts with applicable interest. Affected shipping bills and exporter lists are published online; valid e BRCs submitted to the dedicated BRC Cell will be verified and cases closed expeditiously. Exporters may use ICEGATE and SB EDPMS enquiries for verification and rectification. Failure to comply will trigger system alerts and recovery proceedings for drawback with interest.
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