TaxTMI 
TaxTMI 
DRAFT - Systems Alert for Monitoring Realisation of Export Proceeds in EDI - Reg.
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....6A(1) of the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995 where an amount of drawback has been paid to an exporter but the sale proceeds in respect of such export goods have not been realized within the time allowed under the Foreign Exchange Management Act (FEMA),1999, such drawback is to be recovered. Sub-rule 16A(2) stipulates that if the exporter fails to produce evidence in respect of realization of export proceeds within the period allowed under the FEMA, 1999 or any extension of the said period by the Reserve Bank of India (RBI), the Assistant/Deputy Commissioner of Customs shall issue a notice to the exporter for production of evidence of realization of export proceeds, failing which an order shall be passed to recover the amount of drawback paid to the claimant. 3. Hitherto, the action to recover drawback was being taken on the basis of Export Outstanding Statement (XOS) received from RBI. The XOS is a consolidated half-yearly Statement giving details of all export bills outstanding beyond the period prescribed for realization within 15 days from the close of the half&nb....
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....ters filing Shipping Bills (SBs) under drawback shall furnish an affidavit on a stamp paperto the Assistant Commissioner / Deputy Commissioner (Drawback) providing the details of allAuthorized Dealers (AD), their codes and addresses through whom they intend to realize the export proceeds. Such an affidavit shall be filed at each port of export where the exporter exports his goods. In case there is a new addition of AD, the same is to be intimated to the concerned Custom House at the port of export. (b) The system would generate on all Drawback Shipping Bills the due date for submission of BRCs. (c) The main menu contains a BRC entry module for registration of BRCs/negative statement besides a "Special Category Registration for BRC"module wherein the "Status Holder" exporters and other special category exporters can register their status. Special category exporters are those exporters who are allowed a longer period of time of one year or more to realize export proceeds under FEMA, 1999. (d) The exporter shall submit a certificate from the Authorized Dealers (AD) containing details of the ship....
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....(2). The system will automatically display the SBs pertaining to the given period on screen and all such shipping bills shall be deleted from the alert list. iii. If the negative statement furnished by the exporter gives the list of SBs for which foreign exchange has not been realized (and by implication foreign exchange has been realized for all other SBs) then, the officer will choose option (3). This will allow the officer to enter the SBs for the given period for which the BRCs are pending. Thereafter, all SBs except such pending SBs will be deleted from the alert list. iv. The BRC entry module also enables the Department to remove the list of SBs from the alert list if drawback is recovered subsequently. In such cases, the officer may choose option (1) and enter the order no, challan no and date and also the no and date of all shipping bills for which the drawback has been realized. Thereafter, all SBs will be deleted from the alerts. 6. Each Custom House shall create a special cell for management of affidavits, amendments thereto, Annexure I certificates, registers etc. The cell shall be responsible for keepin....
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....sp; : 2. IEC No. : 3. Port of export : 4. Whether Star Export House or belong to category of ....
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....; : 3. Port of export : 4. Whether Star Export House or belong to category of : exporters who are permitted to realize export proceeds beyond six months (A copy of the Status Certificate/Permission may be enclosed) 5. Details of exports pending realization : Sl. No. Shipping bill number and date Due date for realization Amo....