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    Question

    As per the IFSCA Circular issued in April 2024, within

    how many days must SCC Banks extinguish Bullion Depository Receipts (BDRs) after remittance?
    A 7 calendar days Correct Answer Incorrect Answer
    B 11 calendar days Correct Answer Incorrect Answer
    C 15 business days Correct Answer Incorrect Answer
    D 21 calendar days Correct Answer Incorrect Answer
    E 30 business days Correct Answer Incorrect Answer

    Solution

    SCC Banks must ensure that Bullion Depository Receipts (BDRs) are extinguished and the Bill of Entry is filed within 11 calendar days from the date of remittance.

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