https://www.taxtmi.com/circulars?id=69215 ICES 1.5 data disclose non realisation of export proceeds for specified shipping bills; under Rule 18 and Section 75A(2) exporters must produce evidence of realisation or repay the drawback with interest. If evidence is not produced after notice, the customs officer shall order recovery and require repayment within thirty days; proportionate recovery applies where partial proceeds are realised. Exporters may return drawback with interest by pay order or inform customs by e mail if proceeds were realised or extensions obtained; failure to respond by the stated deadline may lead to recovery or show cause proceedings. en-us Sat, 21 Sep 2024 00:00:00 +0530 Thu, 26 Feb 2026 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69215 ICES 1.5 data disclose non realisation of export proceeds for specified shipping bills; under Rule 18 and Section 75A(2) exporters must produce evidence of realisation or repay the drawback with interest. If evidence is not produced after notice, the customs officer shall order recovery and require repayment within thirty days; proportionate recovery applies where partial proceeds are realised. Exporters may return drawback with interest by pay order or inform customs by e mail if proceeds were realised or extensions obtained; failure to respond by the stated deadline may lead to recovery or show cause proceedings. Circulars Customs Sat, 21 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69215