Drawback credit to core banking accounts nationwide permitted, with payments transferred via RTGS/NEFT after bank-certified registration. Drawback payments may be credited to any core-banking enabled account nationwide or to RTGS/NEFT-enabled accounts in other banks after the exporter declares and registers the IFS Code, account number, bank name and address on a bank-certified declaration form with customs; the customs-authorized bank branch at the port of export will either credit the same-bank account or transfer funds via RTGS/NEFT to other banks, with transfers and charges governed by RBI guidelines and reverse scrolls sent to customs.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Drawback credit to core banking accounts nationwide permitted, with payments transferred via RTGS/NEFT after bank-certified registration.
Drawback payments may be credited to any core-banking enabled account nationwide or to RTGS/NEFT-enabled accounts in other banks after the exporter declares and registers the IFS Code, account number, bank name and address on a bank-certified declaration form with customs; the customs-authorized bank branch at the port of export will either credit the same-bank account or transfer funds via RTGS/NEFT to other banks, with transfers and charges governed by RBI guidelines and reverse scrolls sent to customs.
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