request of
exporter was pending with them for allowing set off/write
off against unrealized export proceeds as it is for the
exporter to bring ... against the 27 outstanding
GR-I Forms. The outstanding got later on reduced to Rs 1.1
Crore comprising of 13 outstanding GR-1 Forms which
outstanding export proceeds by the
defaulter exporter. As per the procedure, the exporter used to furnish the
export documents along with the export form with ... export proceeds,
the exporters were required to furnish the export documents along with
the export form with the concerned bank. The exporters were required
Ahuja Asst. Manager RBI of India
has brought the statement of exports outstanding proceeds in
respect of M/S Next One and has proved ... record the GR
: 29 :
form export proceeds and export proceeds in respect of these
GR forms are outstanding and are in custody of the bank
drawn etc. for export/
EEFC/ rupee resources, to the extent exports have actually
taken place. Thus, it contemplates that the export has
already been carried ... that he
was talking about the advance received by the exporter
against the export to be made. He did not state anything
about the situation
formal witness who gave 'let
export order' qua the shipping bill of M/s Akshika Exports on
19.11.1998.
(iv) PW15 Manish Mohan ... Akshika Exports.
(viii) PW23 Ashok Kumar Gupta is also a formal witness who
proved his letter Ex.PW23/A regarding export outstanding
ledger
M0111 and pertain to exports. The outstanding balance under this
ledger ... respect of ledger M0012 and also pertains to export. The
outstanding balance under this ledger
ledger
M0111 and pertain to exports. The outstanding balance under this
ledger ... respect of ledger M0012 and also pertains to export. The
outstanding balance under this ledger
purchase of export bills (FDBP) i.e. export
proceeds as per the rules of the bank, consequently, PCL with the
balance outstanding ... export bill
for ` 34,26,072/- purchased on October 8, 1997 was returned
unpaid on December 11, 1997. The returned export bill was
outstanding under
examination, he deposed that there is a manual called instruction
manual on export credit other than bills, he admitted that packing
credit cannot remain unadjusted ... discounted, however, it can be discounted
when the packing credit is outstanding to liquidate the PC liability. He
further admitted in cross-examination that
that there were approximately 12 GRs pending
realization and these outstandings pertain to exports made during the year
1994-1995. The complaint further mentioned that ... bank realization certificate in regard of the export proceeds realised
earlier with respect to the exports marked Ex. DW-1/D and also the letters
