Realisation of Sale proceeds on Exports - Submission of proof by Exporters -(BRC Compliance Drive from 29.01.2025 to 28.02.2025 for the submission of proof towards realisation of export sale proceeds)
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Export proceeds realisation: exporters must submit e BRCs or face drawback recovery with applicable interest and repayment obligations. The notice requires exporters listed on the Chennai Customs portal to submit electronic Bank Realisation Certificates (e BRCs) for shipping bills recorded as unrealised, warns that drawback amounts will be recoverable with interest where export proceeds are not realised within the permitted period, and directs repayment via ICEGATE with proof of payment to the BRC Cell; ICEGATE and RBI EDPMS facilities are available for verification and rectification and the BRC Section will prioritise verification and case closure for valid submissions.
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 realisation: exporters must submit e BRCs or face drawback recovery with applicable interest and repayment obligations.
The notice requires exporters listed on the Chennai Customs portal to submit electronic Bank Realisation Certificates (e BRCs) for shipping bills recorded as unrealised, warns that drawback amounts will be recoverable with interest where export proceeds are not realised within the permitted period, and directs repayment via ICEGATE with proof of payment to the BRC Cell; ICEGATE and RBI EDPMS facilities are available for verification and rectification and the BRC Section will prioritise verification and case closure for valid submissions.
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