https://www.taxtmi.com/acts?id=30880 Recovery of drawback is required where export sale proceeds are not realised within the period allowed under the Foreign Exchange Management Act, 1999, including any extension, except in the limited circumstances specified by the rule. Where the exporter fails to produce evidence of realisation, the customs officer must issue notice and, if evidence is not produced within thirty days, recover the drawback; partial realisation limits recovery proportionately. Recovered drawback may be repaid if sale proceeds are later realised and evidence is produced within three months, with a possible extension, and no recovery is made in the specified insurance and write-off cases. en-us Fri, 22 Sep 2017 18:45:00 +0530 Thu, 02 Jul 2026 11:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30880 Recovery of drawback is required where export sale proceeds are not realised within the period allowed under the Foreign Exchange Management Act, 1999, including any extension, except in the limited circumstances specified by the rule. Where the exporter fails to produce evidence of realisation, the customs officer must issue notice and, if evidence is not produced within thirty days, recover the drawback; partial realisation limits recovery proportionately. Recovered drawback may be repaid if sale proceeds are later realised and evidence is produced within three months, with a possible extension, and no recovery is made in the specified insurance and write-off cases. Act-Rules Customs Fri, 22 Sep 2017 18:45:00 +0530 https://www.taxtmi.com/acts?id=30880