Bank account compliance requires exporters to register certified IFSC and account details for electronic drawback credit via authorized bank. Exporters claiming drawback must register and have certified by their bank the bank account number, bank name and address, and the IFS Code at the port of export; the certified form is submitted to the Deputy Commissioner and the authorized banking branch. Exporters must verify and sign a checklist after registration and repeat the registration procedure on any account change. Drawback payments are routed through the customs authorized bank branch which will credit same bank accounts directly or transfer to other core banking, RTGS/NEFT enabled banks via RTGS/NEFT, subject to RBI guidelines and charges.
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.
Bank account compliance requires exporters to register certified IFSC and account details for electronic drawback credit via authorized bank.
Exporters claiming drawback must register and have certified by their bank the bank account number, bank name and address, and the IFS Code at the port of export; the certified form is submitted to the Deputy Commissioner and the authorized banking branch. Exporters must verify and sign a checklist after registration and repeat the registration procedure on any account change. Drawback payments are routed through the customs authorized bank branch which will credit same bank accounts directly or transfer to other core banking, RTGS/NEFT enabled banks via RTGS/NEFT, subject to RBI guidelines and charges.
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