BRCs Submission Period by
Status Holders Relaxed to 12 Months from 6 Months
The
following Public Notice was issued by the Commissioner of Customs (Export)
Jawaharlal Nehru Customs House on 11th May 2010.
[Customs Public Notice No. 52 dated 11th
May 2010]
Sub: Submission of BRCs by Star and Status holder exporters
and relaxation of time schedules for Status holders in terms of RBI Master
Circular No. 09/2007-08 dated 02.07.2007.
It is for the information of all Star/Status holder
exporters, Custom House Agents & the Trade that in terms of RBI Master
Circular No. 09/2007-08 dated 02.07.07, the period of realization should be as
applicable i.e. 180 days for non status holder exporters and 12 months for
status holder exporters.
2. All Star/Status holder exporters may avail benefit of 12 months
period for submission of Bank Realization Certificate (BRC) on submission of
proof of their Star/Status holder to this Custom House.
3. As per Board’s Circular No. 05/09 and Public Notice No.11/2009
dated 09.03.09, exporters are required to submit a certificate from the authorized
dealer(s) or chartered accountant on a 6 monthly basis, before 7th day of
January and 7th day of July in respect of exports which have become due for
realization in the previous 6 months. Now, all Star/Status holder exporter can
avail 12 month period for submission of BRCs provided proof of their
Star/Status holder is submitted to this Custom House.
4. Any difficulty faced in this regard may be brought to the notice
of the Addl./Asstt. Commissioner of Customs, Drawback Section, JNCH.
F.No. S/12- GEN-1450/07
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