Implication of non submission of brc ag legal undertaking
This query is : Resolved
14 May 2012
Dear Sir,
Kindly clarify about the implication of non submission of BRC withn 12 months (from the date of scrip) against legal undertaking (LUT)given to DGFT for DEPB.
Further, whether does it make any difference that foreign currency has been realized / received against export but company did not submit BRC to DGFT against it.
Kindly clarify about the implication of non submission of BRC withn 12 months (from the date of scrip) against legal undertaking (LUT)given to DGFT for DEPB.
Further, whether does it make any difference that foreign currency has been realized / received against export but company did not submit BRC to DGFT against it.
15 May 2012
in the said case exporter will submit the bond in concerned DGFT office ...and concerned regional licensing authority will issue the licence as Non transeferable .
whenever you submit BRC in dgft office they will cancelled and transferable the licence as per provision and condition will be applicable time to time by DGFT.
Regards,
whenever you submit BRC in dgft office they will cancelled and transferable the licence as per provision and condition will be applicable time to time by DGFT.
Regards,
15 May 2012
Dear Sir,
Thank you very much.
Kindly tell about its reference in FTP Hand book of Procedure.
Thank you very much.
Kindly tell about its reference in FTP Hand book of Procedure.
15 May 2012
IT IS CLEAR MENTIONED in appendix-25D appendices
link:
https://www.eximkey.com/contents/showpage1.asp?pageid=25960
regards,
link:
https://www.eximkey.com/contents/showpage1.asp?pageid=25960
regards,
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Regarding Applicability of Tax Audit u/s 44AB
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- TDS on TRUST
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
