TaxTMI 
TaxTMI 
Bank Realisation Certificate (BRC) verification module for EDI System-Exports (ICES/E) at the Custom House, Chennai
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....b: Bank Realisation Certificate (BRC) verification module for EDI System-Exports (ICES/E) at the Custom House, Chennai - Reg. Reference is invited to the Public Notice No.60/2005, dated 28-04-2005, on the above subject. This Public Notice is further modified, in order to clarify the procedure with respect to Bank Realisation Certificate (BRC) verification module for EDI System-Exports (ICES/E). ....
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....ices) Regulations, 2000, if the export proceeds are not realized within the time specified (presently six months) in Regulation 9 of the Foreign Exchange Management (Exports of Goods and Services) Regulations, 2000, the duty drawback sanctioned and paid shall be recovered in the manner specified in the Customs Act and the Rules made there under. 5. Reserve Bank of India did the monitoring of the ....
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.... as it exists now. However, the Customs shall monitor the realization of Export proceeds in respect of all shipping bills where drawback has been sanctioned and paid. 9. Therefore, the exporters are requested to furnish the BRCs details of all the drawback shipping bills filed on or after 01-04-2004 by 30-06-2005 in respect of which the exporters should have realized the export proceeds as per t....
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....ent for acceptance/rejection against each BRC. 12. The BRCs which obtained the consent of the Superintendent (Drawback) in the system on verification of hard copies will be considered for drawback release/stop purposes. 13. The system shall start alerting the AC/DC(Exports) for all cases of Drawback shipping bills from 01-06-2005, where BRC is not submitted within six months of date of shipmen....