https://www.taxtmi.com/caselaws?id=307591 The case involved the rejection of a drawback claim by the Commissioner (Appeals) due to the Applicant's failure to realize export proceeds within the stipulated time period. Despite the Applicant's argument of realizing the proceeds with a delay and placing the onus for extension on the Reserve Bank of India, the denial of the claim was upheld. The Government emphasized the mandatory nature of realizing export proceeds within the specified timeframe for claiming drawback, leading to the rejection of the revision application and affirming the decision to deny the claim. en-us Fri, 28 May 2021 00:00:00 +0530 Mon, 24 Apr 2023 21:07:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307591 The case involved the rejection of a drawback claim by the Commissioner (Appeals) due to the Applicant's failure to realize export proceeds within the stipulated time period. Despite the Applicant's argument of realizing the proceeds with a delay and placing the onus for extension on the Reserve Bank of India, the denial of the claim was upheld. The Government emphasized the mandatory nature of realizing export proceeds within the specified timeframe for claiming drawback, leading to the rejection of the revision application and affirming the decision to deny the claim. Case-Laws Customs Fri, 28 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307591