Monitoring of realisation of Export Proceeds
THE Bengaluru Air Customs Commissionerate reminds that it is mandatory for all exporters to submit BRC/ Negative statement in the prescribed Annexure every six months i.e., for the period from January to June and July to December.
It is seen that many of the BRCs/ negative statements/ CA/AD certificates submitted, are found deficient due to various errors related to AD codes such as non-registered AD codes, entry rejections by the system due to multiple AD codes etc., and hence, such documents could not be entered in the system. The Exporters are requested to rectify the same and resubmit all such relevant documents. In this connection, it is once again impressed upon the trade that along with BRCs, there is the option of submitting certificates from Chartered Accountant / Authorised dealer(s) - AD-wise at each port for each of the six-monthly certificates.
The Commissionerate requests all the exporters to submit the BRCs/ negative statements, failing which appropriate action available under the Customs Act, 1962 will be initiated to recover the drawback amount sanctioned along with interest.
Bengaluru Air Customs Public Notice No.; Dated: February 05 2015