Home Case Index All Cases Customs Customs + CGOVT Customs - 2014 (5) TMI CGOVT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (5) TMI 1095 - CGOVT - CustomsDemand of drawback availed, where export proceeds finally could not realized within stipulated period - Export of leather footwear and finished leather goods under drawback shipping bills - Exporter failed to submit BRCs evidencing realisation of export sale proceeds in respect of shipping bills - Held that:- the Reserve Bank, has granted extension up to 31-3-2014 subject to the condition that no further extension would be granted. Applicant has submitted 13 E-BRCs in respect of shipping bills in question evidencing realisation of export sales proceeds within extended time limit allowed by the RBI and said E-BRCs have been verified by the concerned bank and the same may be accepted. Therefore, there is no case for recovery of already sanctioned drawback claims. The demand of said sanctioned drawback is not legally sustainable and hence required to be dropped. - Revision petition allowed with consequential relief
|