https://www.taxtmi.com/circulars?id=63200 Exporters of commodities subject to Minimum Export Price (MEP) must realise export proceeds through banking channels and submit a Bank Realisation Certificate (BRC) to Customs for each shipping bill; provisional clearance is available on execution of a bond under Section 143, discharged upon receipt of the BRC within the prescribed realisation period, failing which action under Customs and foreign exchange laws will follow. Importers of commodities subject to Minimum Import Price (MIP) must submit an Authorized Bank Remittance Certificate corresponding to the Bill of Entry, with provisional import allowed on bond pending submission. en-us Tue, 08 Dec 2015 00:00:00 +0530 Sat, 23 Nov 2019 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63200 Exporters of commodities subject to Minimum Export Price (MEP) must realise export proceeds through banking channels and submit a Bank Realisation Certificate (BRC) to Customs for each shipping bill; provisional clearance is available on execution of a bond under Section 143, discharged upon receipt of the BRC within the prescribed realisation period, failing which action under Customs and foreign exchange laws will follow. Importers of commodities subject to Minimum Import Price (MIP) must submit an Authorized Bank Remittance Certificate corresponding to the Bill of Entry, with provisional import allowed on bond pending submission. Circulars Customs Tue, 08 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63200