https://www.taxtmi.com/caselaws?id=495 Realisation of export proceeds within the prescribed period was a mandatory condition for retaining drawback under the Customs Act and Drawback Rules, so non-realisation made the drawback recoverable. Independent proceedings under the Foreign Exchange Regulation Act did not affect that statutory consequence, and dropping those proceedings did not confer immunity from recovery. The condition for receipt of the full export value could not be waived or relaxed on the ground of negligence by a banker or other agency. The recovery orders were therefore sustained and the writ petition failed. en-us Fri, 09 Jun 2006 00:00:00 +0530 Wed, 18 Apr 2012 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=495 Realisation of export proceeds within the prescribed period was a mandatory condition for retaining drawback under the Customs Act and Drawback Rules, so non-realisation made the drawback recoverable. Independent proceedings under the Foreign Exchange Regulation Act did not affect that statutory consequence, and dropping those proceedings did not confer immunity from recovery. The condition for receipt of the full export value could not be waived or relaxed on the ground of negligence by a banker or other agency. The recovery orders were therefore sustained and the writ petition failed. Case-Laws Central Excise Fri, 09 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=495