Circular No. ES/126/2021-22 7th August, 2021
To: Members of the Council
Sub: 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
This is to inform you that O/o DGFT has issued Trade Notice No. 13/ 2021-22 dated 4th August, 2021 regarding uploading of e-BRC by 15th September, 2021 for S/Bills with LEO upto 31.03.2020 on which RoSCTL scrip has been claimed from DGFT RAs.
Your kind attention is invited to 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.
As per RBI guidelines, it is expected that all S/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.
In this context, all IECs/firms, who have been issued scrips under RoSCTL for S/Bills upto 31st March, 2020 are requested to get the related e-BRCs uploaded in the DGFT portal by their AD banks latest by 15th September, 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.
Members may kindly make a note of the above and do the needful.