https://www.taxtmi.com/caselaws?id=166335 Rebate of central excise duty on export goods was not admissible where export proceeds were not realized in foreign exchange and the insurer, ECGC, settled the claim in Indian rupees. The claim under Rule 18 of the Central Excise Rules, 2002 depended on export realization and compliance with the prescribed foreign exchange reporting requirements, including submission of BRC. Rupee settlement by ECGC did not amount to realization of export proceeds in foreign exchange under FEMA and the Export of Goods and Services Regulations, and the insurance terms preserved the exporter's underlying obligations. Recovery of the sanctioned rebate was therefore valid. en-us Wed, 07 Sep 2011 00:00:00 +0530 Wed, 17 Sep 2014 16:07:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166335 Rebate of central excise duty on export goods was not admissible where export proceeds were not realized in foreign exchange and the insurer, ECGC, settled the claim in Indian rupees. The claim under Rule 18 of the Central Excise Rules, 2002 depended on export realization and compliance with the prescribed foreign exchange reporting requirements, including submission of BRC. Rupee settlement by ECGC did not amount to realization of export proceeds in foreign exchange under FEMA and the Export of Goods and Services Regulations, and the insurance terms preserved the exporter's underlying obligations. Recovery of the sanctioned rebate was therefore valid. Case-Laws Central Excise Wed, 07 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166335