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Customs - Highlights / Catch Notes

Home Highlights January 2025 Year 2025 This

The Commissioner of Customs, Chennai-VII announced a BRC ...


Chennai Customs Commissioner Launches Month-Long Drive for Exporters to Submit Bank Realization Certificates or Repay Drawback.

January 25, 2025

Circulars     Customs

The Commissioner of Customs, Chennai-VII announced a BRC Compliance Drive from January 6-31, 2025, requiring exporters to submit pending Bank Realization Certificates. The notice addresses non-realization of export proceeds beyond mandated periods, necessitating recovery of drawback amounts u/r 18 of Customs, Central Excise Duties Drawback Rules, 2017, with interest per Section 75A(2) of Customs Act, 1962. Exporters must submit e-BRCs or repay drawback with interest by January 31, 2025. Non-compliance will trigger system alerts and legal proceedings for recovery. A dedicated BRC Cell has been established for verification. ICEGATE Portal functionality allows exporters to verify realization details and raise rectification queries. The directive aims to reconcile pending export proceeds and ensure compliance with drawback regulations.

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