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            <h1>Custom Houses Must Monitor Export Proceeds; Unrealized Remittances May Lead to IE Code Cancellation Under FT (DR) Act.</h1> Each Custom House is required to have a dedicated cell to monitor the realization of export proceeds. Electronic Data Interchange (EDI) locations utilize the RBI-BRC module under ICES to track outstanding remittances for exports made from April 1, 2014, under the Duty Drawback scheme. Notices are issued for the recovery of drawbacks for consignments with unrealized proceeds within the prescribed timeframe. If notices are undelivered due to non-existent addresses, Commissioners must report these exporters to the Regional Authorities of DGFT for potential action under the FT (DR) Act, including the cancellation of IE Codes for incorrect addresses.

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