https://www.taxtmi.com/caselaws?id=773176 Customs drawback under Section 75 of the Customs Act may be denied only if export proceeds remain unrealised beyond the period permitted under FEMA and the applicable extension framework. The court noted that the governing master circular appeared to allow extension by an AD category I bank as well as the RBI, and the petitioner's bank communications and certificate had not been properly examined. As the key question was whether a valid extension covered the relevant remittances, the rejection of drawback required reconsideration rather than outright affirmation without that determination. en-us Wed, 04 Jun 2025 00:00:00 +0530 Wed, 18 Jun 2025 10:50:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773176 Customs drawback under Section 75 of the Customs Act may be denied only if export proceeds remain unrealised beyond the period permitted under FEMA and the applicable extension framework. The court noted that the governing master circular appeared to allow extension by an AD category I bank as well as the RBI, and the petitioner's bank communications and certificate had not been properly examined. As the key question was whether a valid extension covered the relevant remittances, the rejection of drawback required reconsideration rather than outright affirmation without that determination. Case-Laws Customs Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773176