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2012 (11) TMI 530 - CGOVT - CustomsDrawback benefit - export realization in foreign exchange – Held that:- Where Drawback has been paid but the sale proceeds have not been realized in respect of such exports with stipulated time period, such Drawback is to be recovered in terms of sub-rule (2) - RBI master Circular No. 6/2010-11 stipulate as under “The claims settled in Rupees by ECGC and private insurance companies regulated by IRDA should not be constituted as export realization in foreign exchange - Respondent exporter herein is not entitle to any Drawback benefit and the demand confirmed by the original authority under above mentioned Rule 16A(2) of the Customs, Central Excise [Duties] & Service Tax Drawback Rules, 1995 is legal & proper
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