Sub.: Validation of Bank Accounts in the Public Financial Management System (PFMS) for speedy & smooth disbursal of IGST (Integrated Goods & Services Tax) Export refund- reg.
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IGST refund validation: exporters must validate bank accounts in PFMS to enable refunds and avoid account changes. IGST export refunds are treated as filed via the shipping bill once the Export General Manifest is filed and a valid Form GSTR-3 return is furnished. Exporters must validate bank accounts in the Public Financial Management System (PFMS); closed or non-validated accounts cannot receive sanctioned refunds. The customs house has published a list of such accounts and advises exporters to update and avoid changing validated account details during the current financial year.
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.
IGST refund validation: exporters must validate bank accounts in PFMS to enable refunds and avoid account changes.
IGST export refunds are treated as filed via the shipping bill once the Export General Manifest is filed and a valid Form GSTR-3 return is furnished. Exporters must validate bank accounts in the Public Financial Management System (PFMS); closed or non-validated accounts cannot receive sanctioned refunds. The customs house has published a list of such accounts and advises exporters to update and avoid changing validated account details during the current financial year.
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