Time limit for obtaining bank realisation certificate
Querist : Anonymous
Which notification/circular of RBI or customs can i refer...
Master Circular No.10/2011-12
(Updated as on February 9, 2012)
https://www.rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?id=6502
please go through this circular, i think its 12 months
regards
sripal jain
Querist : Anonymous
must read:
https://www.caclubindia.com/forum/bank-realisation-certificate-177775.asp#.UCiZY6A-1tg
https://www.caclubindia.com/experts/implication-of-non-submission-of-brc-ag-legal-undertaking-973050.asp#.UCiZM6A-1tg
Querist : Anonymous
If you are claiming duty drawback then you need to submit Bank Realisation certificate(BRC) on half yearly. after shipment submit the GR form in custom and BRC within 12 month i.e. After Leo date.
This needs to be submiited to Customs officer (drawback) from where you did the export.
For getting the BRC you need to approach to the bank where you got your foreign amount remittance.
I hope this will answer your question.
Regards
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