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2015 (6) TMI 1110 - CGOVT - Central ExciseRecovery - duty drawback granted earlier - recovery on the ground that applicant failed to produce the evidence for realization of export proceeds in respect of impugned exported goods for which they were allowed drawback within the period allowed under Foreign Exchange Management Act, 1999 including any extensions of such period granted by the RBI - Held that: - it is a statutory requirement under relevant sections that export proceeds need to be realized within the time-limit provided thereunder viz. 6 months in this case subject to any extension allowed by RBI. As discussed above, the applicant has failed to fulfill their statutory obligations. Therefore, the order for recovery of drawback claim along with interest & penalty cannot be faulted with - revision application rejected - decided against applicant.
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