NCLAT Sets Aside Insolvency, Imposes ?10L Costs Following Recusal over Attempt to Influence Member  ||  J&K&L HC: Sec 195 CrPC Bars Cognizance Without Public Servant's Complaint, Not FIR or Investigation  ||  Allahabad HC: Preliminary Issues Barred if Raised 18 Years After Issues Were Framed in a Suit  ||  Guj HC: No Prior Hearing Needed to Dismiss Cop After Corruption Conviction under Article 311(2)(A)  ||  Madras HC: Senior Citizens Act Applies Only To Post-2007 Property Transfers, Not Retrospective  ||  Supreme Court: Private Insurer Not Liable For Accident by Vehicle under State Requisition  ||  SC: Reserved Candidates Can Claim General Seats on Merit with Relaxation if Rules Allow  ||  SC: No Vested Right to Appointment For Next Candidate if Selected One Doesn't Join  ||  Supreme Court Restores Arbitral Award, Rules State Cannot Be Judge in its Own Dispute Case  ||  Delhi HC: Girl Being Friendly on Valentine’s Day Does Not Justify Forced Sexual Activity under POCSO    

Uploading of e-BRC by 15.09.2021 for shipping bills with LEO upto 31.03.2020 on which RoSCTL scrip has been claimed from DGFT RAs- (Ministry of Commerce and Industry) (04 Aug 2021)

MANU/DGFT/0097/2021

Commercial

1. Attention of the trade and industry members is brought to the Para 4.96 (d) of Public Notice 58 dated 29.01.2020 wherein it has been stipulated that under RoSCTL, the rebate allowed is subject to the receipt of sale proceeds within time allowed under the Foreign Exchange Management Act, 1999 failing which such rebate shall be deemed never to have been allowed. Action under the FT (D&R) Act, 1992 may be taken by the Regional Authorities for repayment of erroneous or excess paid RoSCTL.

2. As per RBI guidelines, it is expected that all shipping bills prior to 31.03.2020 would have their export proceeds realized by now. However, it is noticed that for RoSCTL shipping bills with LEO upto 31.03.2020, there are a significant number of cases where corresponding e-BRCs have not been uploaded in the DGFT's online e-BRC repository, as a proof of export proceeds realization.

3. In this context, all IECs/firms, who have been issued scrips under RoSCTL for shipping bills upto 31.03.2020, are requested to get the related e-BRCs uploaded in the DGFT portal by their AD banks latest by 15.09.2021, failing which action as per para 4.96 of HBP, as notified vide PN 58 dated 29.01.2020 would be initiated by the jurisdictional RAs.

4. This is issued with the approval of competent authority.

Tags : UPLOADING   E-BRC   SHIPPING BILLS  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved