https://www.taxtmi.com/acts?id=19464 Prescribes a Legal Undertaking/Bank Guarantee for DEPB and Chapter 3 incentive scrips obliging the exporter to realise export proceeds equal to the FOB value endorsed on scrips, to furnish periodic statements and Bank Realisation Certificates, and to pay forthwith on Government demand sums equal to duty credit issued for non-realisation. Failure to produce BRC within 12 months triggers payable duty-credit amounts, with further liability to pay within 60 days plus prescribed interest; the Government may deduct unutilized scrip credit and pursue all other statutory remedies. en-us Tue, 14 Apr 2015 11:39:55 +0530 Fri, 17 Apr 2015 16:46:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19464 Prescribes a Legal Undertaking/Bank Guarantee for DEPB and Chapter 3 incentive scrips obliging the exporter to realise export proceeds equal to the FOB value endorsed on scrips, to furnish periodic statements and Bank Realisation Certificates, and to pay forthwith on Government demand sums equal to duty credit issued for non-realisation. Failure to produce BRC within 12 months triggers payable duty-credit amounts, with further liability to pay within 60 days plus prescribed interest; the Government may deduct unutilized scrip credit and pursue all other statutory remedies. Act-Rules DGFT Tue, 14 Apr 2015 11:39:55 +0530 https://www.taxtmi.com/acts?id=19464