Classification of exported insecticides under export tariff affirmed; reclassification and related penalties set aside and MEIS scrip jurisdiction rec...
Misclassification between copra and dry coconut: customs recovery and re-valuation quashed for lack of prior licensing-authority invalidation, appeals...
Prescribes handling of show cause notices for non-realisation or short realisation of export proceeds where scrutiny of DGFT e-BRCs indicates a shortfall against FOB value. It reiterates CBIC guidance that deductions for agency commission and foreign bank charges may be regularised on merits within an overall limit of 12.5% of FOB, subject to supporting documents such as export invoices and bank confirmation of foreign bank charges. Exporters are directed to submit proof of realisation and, where shortfall is claimed, the requisite documentary justification along with the reply to the notice. Where shortfall persists and supporting proof is not furnished with the reply, adjudication must include a personal hearing opportunity before decision.
Prescribes handling of show cause notices for non-realisation or short realisation of export proceeds where scrutiny of DGFT e-BRCs indicates a shortfall against FOB value. It reiterates CBIC guidance that deductions for agency commission and foreign bank charges may be regularised on merits within an overall limit of 12.5% of FOB, subject to supporting documents such as export invoices and bank confirmation of foreign bank charges. Exporters are directed to submit proof of realisation and, where shortfall is claimed, the requisite documentary justification along with the reply to the notice. Where shortfall persists and supporting proof is not furnished with the reply, adjudication must include a personal hearing opportunity before decision.
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