Implication of non submission of brc ag legal undertaking
This query is : Resolved
Davindar Singh
(Querist)
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.
RAMESH KUMAR VERMA
(Expert)
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,
Davindar Singh
(Querist)
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.
RAMESH KUMAR VERMA
(Expert)
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,
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