Clarification regarding Duty Drawback allowed in cases of short realisation of export proceeds due to bank charges deducted by Foreign Banks

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..... F.No.- S41(Misc)-236/2019 CCX DBK Dated: 19.11.2019 PUBLIC NOTICE NO.- 90/2019 Subject: Clarification regarding Duty Drawback allowed in cases of short realisation of export proceeds due to bank charges deducted by Foreign Banks Attention of all Exporters, Custom House Brokers, all Carriers/Shipping Line .....

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..... commission and foreign bank charges, separately or jointly, exceeding this limit is to be deducted from the FOB value for granting of Duty Drawback. 3. Show Cause Notices already issued and requests for regularising such short realisation on account of foreign bank charges based on documentary evidence, such as export invoice, bank's confirmation regarding foreign bank charge .....

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