https://www.taxtmi.com/caselaws?id=190446 Drawback already granted remained recoverable because realization of export proceeds within the prescribed statutory period was treated as a mandatory requirement under the Customs, FEMA and Export Import Policy framework. A later chartered accountant's certificate did not suffice, as it was issued long after export and did not identify the dates of remittance receipts. The CBEC circular was held inapplicable to exports made before 1-1-2004 and did not dispense with the need to produce Bank Realization Certificates on these facts. Recovery of drawback, interest and penalty was therefore sustained. en-us Wed, 17 Jun 2015 00:00:00 +0530 Thu, 16 Feb 2017 07:55:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190446 Drawback already granted remained recoverable because realization of export proceeds within the prescribed statutory period was treated as a mandatory requirement under the Customs, FEMA and Export Import Policy framework. A later chartered accountant's certificate did not suffice, as it was issued long after export and did not identify the dates of remittance receipts. The CBEC circular was held inapplicable to exports made before 1-1-2004 and did not dispense with the need to produce Bank Realization Certificates on these facts. Recovery of drawback, interest and penalty was therefore sustained. Case-Laws Customs Wed, 17 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190446