https://www.taxtmi.com/caselaws?id=170644 The Government upheld the lower authority's decision to recover the sanctioned drawback amount due to non-realization of export proceeds within the stipulated period. Despite the applicant's arguments and revision application under Section 129DD of the Customs Act, 1962, the failure to submit the Bank Realization Certificate in the prescribed format led to the rejection of the claim. The Government emphasized the statutory obligation for exporters to provide evidence of export proceeds realization, ultimately denying the revision application and affirming the recovery of the drawback amount. en-us Tue, 17 Dec 2013 00:00:00 +0530 Thu, 28 May 2015 14:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170644 The Government upheld the lower authority's decision to recover the sanctioned drawback amount due to non-realization of export proceeds within the stipulated period. Despite the applicant's arguments and revision application under Section 129DD of the Customs Act, 1962, the failure to submit the Bank Realization Certificate in the prescribed format led to the rejection of the claim. The Government emphasized the statutory obligation for exporters to provide evidence of export proceeds realization, ultimately denying the revision application and affirming the recovery of the drawback amount. Case-Laws Customs Tue, 17 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170644