We exported in Sep 2020 and realised 90% of shopping boll value before shipment but 10% only in Dec 21. Dept asks proportionate refund of DBK plus interest. Could we avoid this?
Jayanta Bandyopadhyay (230 Points)
29 December 2022We exported in Sep 2020 and realised 90% of shopping boll value before shipment but 10% only in Dec 21. Dept asks proportionate refund of DBK plus interest. Could we avoid this?
CA Raj Doshi
(Practising CA)
(8795 Points)
Replied 31 December 2022
Jayanta Bandyopadhyay
(230 Points)
Replied 31 December 2022
But Sec 75[1] and Rule 16A mention about time period, unless extended by RBI. Here, no extension of time frame. So we are in a dilemma
CA Raj Doshi
(Practising CA)
(8795 Points)
Replied 31 December 2022
CAclubindia
