Question
As per the IFSCA Circular issued in April 2024, within
how many days must SCC Banks extinguish Bullion Depository Receipts (BDRs) after remittance?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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