Reconfirmation of bank account particulars for enabling smooth receipt of drawback (sanctioned by Customs) in exporter’s accounts in any core banking enabled bank/branch across the country – reg.
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Reconfirmation of bank account particulars ensures sanctioned drawback credits reach exporters' core-banking accounts smoothly. Requirement for reconfirmation of bank account particulars by exporters to enable electronic credit of sanctioned drawback into core banking accounts. Exporters were previously directed to obtain bank certification and update drawback account particulars in the Customs system to ensure smooth electronic interface. Routine validation failures such as closed accounts, incorrect IFSC codes, wrong account types or improperly formatted account numbers have caused non-crediting of sanctioned drawback. Exporters who have not completed reconfirmation are requested to cooperate by obtaining bank certificates and correcting account details to enable successful credit by the nodal bank.
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.
Reconfirmation of bank account particulars ensures sanctioned drawback credits reach exporters' core-banking accounts smoothly.
Requirement for reconfirmation of bank account particulars by exporters to enable electronic credit of sanctioned drawback into core banking accounts. Exporters were previously directed to obtain bank certification and update drawback account particulars in the Customs system to ensure smooth electronic interface. Routine validation failures such as closed accounts, incorrect IFSC codes, wrong account types or improperly formatted account numbers have caused non-crediting of sanctioned drawback. Exporters who have not completed reconfirmation are requested to cooperate by obtaining bank certificates and correcting account details to enable successful credit by the nodal bank.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.