https://www.taxtmi.com/circulars?id=57237 Monitoring of export proceeds must be performed via the RBI-BRC module and exporters must ensure foreign exchange realisation is recorded within nine months of export unless extended by the Reserve Bank; otherwise the drawback disbursed becomes recoverable with interest. A list of shipping bills with pending realisation will be published, and exporters should instruct authorised dealer banks to update EDPMS records so customs can reconcile data. Customs will place alerts and issue show cause notices for recovery where updates are not made, and exporters may contact the Export Proceeds Realisation Monitoring Cell for assistance. en-us Wed, 11 Jul 2018 00:00:00 +0530 Wed, 01 Aug 2018 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57237 Monitoring of export proceeds must be performed via the RBI-BRC module and exporters must ensure foreign exchange realisation is recorded within nine months of export unless extended by the Reserve Bank; otherwise the drawback disbursed becomes recoverable with interest. A list of shipping bills with pending realisation will be published, and exporters should instruct authorised dealer banks to update EDPMS records so customs can reconcile data. Customs will place alerts and issue show cause notices for recovery where updates are not made, and exporters may contact the Export Proceeds Realisation Monitoring Cell for assistance. Circulars Customs Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57237