9911796707
TMI BlogSystem Alert for Monitoring Realization of Export Proceeds in EDI-reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... ism through XOS (Export Outstanding Statement), which is a consolidated half-yearly Statements giving details of all export Bills outstanding beyond the period prescribed for realization within 15 days from the close of the half year i.e. June/December. 2. Since drawback payment is ultimately linked to the realization of export proceeds, the central Board of Excise and Customs (Board) after extensive consultations with field formations, trade and industry, has desired to put in place an in-house mechanism to monitor the realization of such proceeds for exports made under the Drawback Scheme. 3. Board has issued a Circular No.5/2009-Cus dated 02.02.2009 in this regards. 4. Directorate General of Systems and Data Management have deve ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... realization in the previous 6 months. For example, for the six monthly period of January-June 2008(during which exports were effected), the statement/BRC needs to be submitted by the 7th July,2009. (e) Such certificate shall be filed by the exporter AD wise at each port. The relevant date for filing certificates shall be the date of let export order (LEO) which is the date when the export goods are in effect permitted to be exported. (f) The software shall indicate list of the shipping bills under drawback where the BRC/negative statement has not been furnished by the exporter within the prescribed date. The Assistant Commissioner/Deputy Commissioner (Export) may peruse such list either for the entire Customs port or for an individua ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bsequently. In such cases, the officer has to use the Recovery Module 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 such S/Bs will be deleted from the pendency list. 5. The system will indicate to the Assistant Commissioner/Deputy Commissioner (Drawback) all cases of Drawback Shipping Bills with LEO date falling on or after1.1.2008 if the BRC/negative statement in the prescribed Annexure enclosed to the Board, s Circular is not submitted by the exporter within the prescribed period. Further, the exporters are required to furnish the BRCs/negative statement in the prescribed Annexure in respect of all the Drawback Shipping Bills having ..... X X X X Extracts X X X X X X X X Extracts X X X X
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