Drawback Recovery where Export Sale - Proceeds not Realiised
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....orters Attention is invited to changes made in Customs and Central Excise Duties Drawback Rules, 1995 by Notification No. 72/95-Customs and Central Excise (NT) dated the 6th December, 1995. By the aforesaid notification Rule 16A was introduced prescribing the procedure for recovery of drawback paid where export proceeds were not realised by the exporter. No detailed procedure could be formulate....
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....nt of software, the Custom House disbursing drawback should collect and co-relate the data based on the XO.S. statement received from the zonal offices of the R.B.I. and take necessary action for recovery of drawback where the export proceeds have not been realised. A consolidated statement in the enclosed proforma should be furnished to the Ministry by 10th day of every month starting from Januar....
TaxTMI