RoSCTL scrips holders to upload e-BRC by July 15, 2022 for exports
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- Last Updated on 2 June, 2022
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Trade Notice No. 12/2022-23, dated May 30, 2022
The DGFT has issued a trade notice to provide that the exporting firms who have been issued scrips under RoSCTL Scheme for exports/shipping bills upto December 31, 2020 are required to upload electronic Bank Realisation Certificate (‘e-BRCs’) at the DGFT server latest by July 15, 2022. Notably, 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 where 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.
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