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Default in Realization of Export proceeds against DEPB
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....r, in all such cases realization had to take place and proof thereof had to be submitted to the Licencing Authority within six months from date of exports. On monitoring of these files it has been found that a large number of exporters have not yet submitted the proof of realization. Therefore, it has been decided to give a time up-to 31.1.2003 to all concerned exporters to submit relevant proo....
TaxTMI