AD-I Banks Can Grant Extension For Export Drawback Claims; RBI’s Direct Approval Not Mandatory: Kerala High Court
The Kerala Excessive Court docket acknowledged that AD-I banks licensed by RBI can grant extension for export downside claims, RBI’s direct approval not obligatory. Justice Ziyad Rahman A.A. acknowledged that the Grasp Round printed on this regard signifies that it isn’t mandatory that extension ought to come from the Reserve Financial institution of India itself…