Section 8
Ins. by Act 49 of 1991, s. 120 (w.e.f. 27-9-1991).
8. Ins. by Act 49 of 1991, s. 120 (w.e.f. 27-9-1991).
Provided further that where any drawback has been allowed on any goods under this sub-section and the sale proceeds in respect of such goods are not received by or on behalf of the exporter in India within the time allowed under the 1 [Foreign Exchange Management Act, 1999 (42 of 1999)], such drawback shall 2 [except under such circumstances or such conditions as the Central Government may, by rule, specify,] be deemed never to have been allowed and the Central Government may, by rules made under sub -section (2), specify the procedure for the recovery or adjustment of the amount of such drawback.]
Roop's Law Assist