TaxTMI 
TaxTMI 
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.
Duty Drawback
02 Jun 2019 
1 Reply 
1137 Views Asked by
Realization of export proceeds required for duty drawback; failure to realize enables customs recovery and interest.
Customs verifies realization of export proceeds through the online e BRC module linked to export documents; if proceeds are not realized within the prescribed period from the date of LEO or any authorized extension, Customs may recover the duty drawback amounts from the exporter and levy interest on the recovery under applicable customs procedures. (AI Summary)
Customs verifies realization of export proceeds through the online e BRC module linked to export documents; if proceeds are not realized within the prescribed period from the date of LEO or any authorized extension, Customs may recover the duty drawback amounts from the exporter and levy interest on the recovery under applicable customs procedures. (AI Summary)