mpact on Duty Drawback / RoDTEP / IGST refund when export proceeds first credit to overseas FCY account

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....pact on Duty Drawback / RoDTEP / IGST refund when export proceeds first credit to overseas FCY account<br> Query (Issue) Started By: - Abhijeet Mane Dated:- 20-1-2026 Last Reply Date:- 31-1-2026 Customs - Exim - SEZ<br>Got 2 Replies<br>Customs<br>RBI (14 Jan 2025) now permits exporters to open/hold a Foreign Currency Account (FCY) with a bank outside India. Our plan is to receive export proceeds i....

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....n an overseas FCY account (Singapore branch of the same AD bank) and either use the funds for import payments or repatriate them to India (EEFC/INR account) by the end of the next month per RBI timelines. Queries:- 1) Will receiving export proceeds in the overseas FCY account (with timely repatriation per FEMA/RBI) have any adverse impact on Duty Drawback, RoDTEP, or IGST refund? Is it mandatory....

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.... for export proceeds to be credited directly into an Indian bank account for these benefits? 2) Since the Shipping Bill carries the AD code and an Indian bank account number, does initial credit of proceeds to an overseas FCY account (of the same AD bank) create any procedural hurdles for Customs/EDPMS closure or for credit of drawback/RoDTEP? What practical steps/documentation (e.g., e-BRC/EDPM....

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....S mapping) should be followed to avoid issues? Reply By Sadanand Bulbule: The Reply: In my considered opinion, credits into an Indian Bank Account is not mandatory for these benefits. Reply By Shilpi Jain: The Reply: Receipt in foreign account should not affect any entitlements. Now there is a requirement of mentioning in the eBRC the invoice details. One the BRC is recieved it can be shared ....

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....to the AD Bank to close out the EDPMS entries. Also, now for entries upto Rs. 10 lakhs, the entries in EDPMS and IDPMS can be closed by a declaration from the exporter which can be also be done on a quarterly basis.<br> Discussion Forum - Knowledge Sharing ....