Introduction of Drishti (Export Sale-Proceeds Monitoring System) Software

Central Board of Indirect Taxes and Customs (CBIC) issued Public Notice no. 84/2024 dated 07.10.2024 to introduce DRISHTI (Export Sale-Proceeds Monitoring Systems) Software.

Attention of exporters, Customs Brokers, Export Promotion Councils and all members of trade is invited towards Public Notice no. 11/2017 dated 30.01.2017 with respect to effective monitoring of realization of export sale-proceeds for recovery of ineligible Drawback/ RoDTEP/ RoSCTL, in case of non-realisation / part-realisation of export sale proceeds.

2. ‘RBI-BRC Module’ was introduced by the Board for proper monitoring of realization of export sale-proceeds for all the shipping bills where LEO was granted on or after 01.04.2014. However, this module is not free from various concerns some of which include non-reporting of remittances by banks received in multiple parts, non-accountal of minor difference in forex realization due to bank charges, sales commissioner etc., no provision of closing the matter after the exporter returns the proportionate drawback etc.

Read Public Notice no. 84 /2024 for detail –