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of <h1>Customs Circular: Validate Bank Accounts in PFMS for IGST Export Refunds to Avoid Disruptions in Processing.</h1> The circular from the Commissioner of Customs at Jawahar Lal Nehru Custom House addresses the validation of bank accounts in the Public Financial Management System (PFMS) for the efficient disbursal of IGST export refunds. Exporters are reminded that shipping bills serve as refund applications since July 1, 2017, and no separate applications are needed. To receive IGST refunds, exporters must ensure their bank accounts are validated by PFMS. Accounts not validated or closed will not receive refunds. Exporters are urged to update their bank details promptly and maintain them throughout the financial year to avoid disruptions in refund processing.
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