Duty Drawback, Customs - Exim - SEZ

[Adarsh Gupta]

Hi,

Whether a exporter needs to file any return/statement for Duty Drawback claimed/received under the Customs Act? How does customs check whether exports proceeds have been realized by the exporter?

Regards,

Adarsh.

Posts / Replies

[YAGAY andSUN]

Through online e-BRC module customs checks the realization of export proceeds. If such amount not realized in prescribed time limit i.e. 9 months from the date of LEO or within any extended time period then Customs Department can recover such amount along with interest @ 15% from the Exporter.