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TMI BlogBank Realisation Certificate (BRC) verification module for EDI System-Exports (ICES/E) at the Custom House, ChennaiX X X X Extracts X X X X X X X X Extracts X X X X ..... d: 24-05-2005 Public Notice No. 64/2005 (Amendment to P.N. 60/2005) Sub: Bank Realisation Certificate (BRC) verification module for EDI System-Exports (ICES/E) at the Custom House, Chennai Reg. Reference is invited to the Public Notice No.60/2005, dated 28-04-2005, on the above subject. This Public Notice is further modified, in order to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f BRC. 4. As per Rule 16A of the Customs and Central Excise Duty Drawback Rules, 1995 read with Foreign Exchange Management (Exports of Goods and Services) Regulations, 2000, if the export proceeds are not realized within the time specified (presently six months) in Regulation 9 of the Foreign Exchange Management (Exports of Goods and Services) Regulations, 2000, the duty drawback sa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... C (Bank Realization Certificate) verification module for drawback cases has been developed by the department. 8. The practice of sanction and payment drawback shall continue to be in the same manner as it exists now. However, the Customs shall monitor the realization of Export proceeds in respect of all shipping bills where drawback has been sanctioned and paid. 9. Ther ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... job number. The BRC wise data captured for the selected job will be displayed by the system. The correctness of this data against the hard (Original) copies of corresponding BRCs provided by the exporter will be verified. He will register his consent for acceptance/rejection against each BRC. 12. The BRCs which obtained the consent of the Superintendent (Drawback) in the system on v ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is not for the full realization. The system shall simultaneously block the sanction of drawback amount to the exporter to the extent of the FULL DRAWBACK INVOLVED IN THE UNREALIZED SHIPPING BILL. 16. The AC/DC Exports shall free the blocked drawback amount either fully or partially after recovering the drawback in respect of the pending BRCs. 17. The furnishing of BRC w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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