Submission of evidence of Realization of Export proceeds in respect of Exports made under Duty Drawback Scheme - Customs - 6/2007

OFFICE OF THE COMMISSIONER OF CUSTOMS Custom House: Navrangpura: Ahmedabad-380009 F.NO. VIII/48-245/CUS/T/06 Dated:24th January, 2007 PUBLIC NOTICE NO. 6/2007 Subject:- Submission of evidence of Realization of Export proceeds in respect of Exports made under Duty Drawback Scheme. Attention of the members of Trade and Industry, Importers, exporters, CHA and all others concerned is invited to Notification No.10/2006-Customs (NT) dated 15.2.2006, requiring the Deputy/Assistant Commissioners to issue Notice to Exporters who have not produced evidence of Realization of Export proceeds within the period allowed under Foreign Exchange Management Act (FEMA), 1999 or any extension to the said period given by the Reserve Bank of India (RBI). 2. In order to have uniformity in monitoring of realization of Export Proceeds in respect of Exports made under Duty Drawback Scheme, in the field formations of Ahmedabad Customs Commissionerate, the following procedure is prescribed: 3. At the time of receiving drawback amounts, the Exporters shall file an Undertaking to the Deputy Commissioner or Assistant Commissioner, as the case may be, to the effect that the Exporters shall submit evidence of Realization of Export Proceeds such as Bank Realization Certificate (BRC) of the consignment in respect of which the drawback amount has been received, within 6 months of from the date on the Proper Officer of Customs has allowed the export or within such extended period as may allowed by the Appropriate Authorities under Foreign Exchange Management System FEMA, failing the Exporters shall surrender the drawback amount back to the Customs Department. 4. In the event of the Exporters failing to submit the BRC within the period as mentioned in the above para or to surrender the Drawback amount back to the Department, the Deputy Commissioner or Assistant Commissioner, as the case may be, shall issue notice demanding DBK Amount paid to the Exporters, in accordance with the provisions of Rules 16(A) of the Drawback Rules, 5. All the Trade Associations/Chambers of Commerce and Members of Regional Advisory Committee and Customs House Agents Association are requested to publicize the contents of this Public Notice among their Members/Constituents, for their information and necessary action. (Rakesh Kumar Sharma) Commissioner