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2018 (9) TMI 460

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..... ndent. ORDER Mr. V. Sundareswaran, Learned Senior Panel Counsel accepts notice for respondents 1 and 2. Mr. B. Rabu Mahohar, Learned Senior Panel Counsel accepts notice for respondents 3 and 4. Heard both. In view of the order this Court proposes to pass in this writ petition, notice to the fifth respondent is dispensed with and the writ petition itself is taken up for final disposal. 2. T .....

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..... ;It is an admitted case that the petitioner had availed drawback claim as early as 2013 and foreign remittances have not come to the petitioner's bank account within the time permissible under the scheme. On 12-12-2017, the petitioner sent a representation to the Reserve Bank of India seeking extension of time for realization of export sale proceeds. 4. It is stated that the representation d .....

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..... drawback claim, which had been availed in the year 2013, the same is in the stage of investigation as regards quantum of drawback eligible apart from the fact of non-remittance of foreign exchange within the time permitted. In any event, there should have been a demand raised to the petitioner, which appears to have been not issued till date. 7. Therefore, while permitting the Directorate o .....

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..... py of this order. On such compliance and producing appropriate proof thereof before the first respondent, the first respondent shall address the fifth respondent issuing necessary instructions by withdrawing the embargo placed vide their communication dated 29-11-2017 with regard to the outward transactions of the petitioner's current account maintained with the fifth respondent bank. It is made c .....

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