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RoSCTL scrips holders directed to upload e-BRC by 15.07.2022 for exports made upto 31.12.2020

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The DGFT has issued  Trade Notice No. 12/2022-23, dated May 30, 2022  to provide that the exporting firms who have been issued scrips under RoSCTL Scheme for exports/shipping bills upto 31.03.2020 shall upload electronic Bank Realisation Certificate ('e-BRCs') at the DGFT server on or before 15.07.2022. As, the rebate under RoSCTL Scheme is subject to the receipt of export proceeds within the time allowed under the FEMA regulations.

The DGFT has also clarified that if the exporter fails to comply with the said requirement, an action would be initiated by the jurisdictional Regional Authorities in accordance with the recovery mechanism provided under Para 4.96 of HBP

--
CA Yashu Goel
9899263490
M/s N.K. Goel & Bros.
Chartered Accountants

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