Duty Drawback

[Adarsh Gupta]

Hi,

Whether a exporter needs to file any return/statement for Duty Drawback claimed/received under the Customs Act? How does customs check whether exports proceeds have been realized by the exporter?

Regards,

Adarsh.

[YAGAY andSUN]

Through online e-BRC module customs checks the realization of export proceeds. If such amount not realized in prescribed time limit i.e. 9 months from the date of LEO or within any extended time period then Customs Department can recover such amount along with interest @ 15% from the Exporter.

AI Summary

Exporters Must File No Return for Duty Drawback; Customs Verify via e-BRC; Recovery if Proceeds Not Realized in 9 Months. An exporter inquired whether they need to file any return or statement for Duty Drawback claimed under the Customs Act and how customs verify the realization of export proceeds. The response clarified that customs use the online e-BRC module to check the realization of export proceeds. If the proceeds are not realized within the prescribed nine-month period from the date of Let Export Order (LEO) or any extended period, the Customs Department can recover the amount with 15% interest from the exporter.