https://www.taxtmi.com/acts?id=1414 Drawback paid where export proceeds are not realised within the period allowed under FEMA is recoverable; authorities must issue notice and order recovery if evidence of realisation is not produced within thirty days, with proportionate recovery where part proceeds are realised. Recovery unpaid is effected under Rule 16. If proceeds are realised and evidenced within three months the recovered drawback is repayable, subject to extension by the Principal Commissioner or Commissioner upon payment of an application fee. An exception applies where non-realisation is compensated by ECGC insurance, RBI writes off realisation, and a foreign mission certificate is produced. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sun, 02 Jul 2017 16:27:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=1414 Drawback paid where export proceeds are not realised within the period allowed under FEMA is recoverable; authorities must issue notice and order recovery if evidence of realisation is not produced within thirty days, with proportionate recovery where part proceeds are realised. Recovery unpaid is effected under Rule 16. If proceeds are realised and evidenced within three months the recovered drawback is repayable, subject to extension by the Principal Commissioner or Commissioner upon payment of an application fee. An exception applies where non-realisation is compensated by ECGC insurance, RBI writes off realisation, and a foreign mission certificate is produced. Act-Rules Customs Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=1414