Drawback payment in core banking accounts enables exporters to receive credits nationwide via RTGS/NEFT from authorised customs bank. Drawback payments will be credited to an exporter's core banking enabled account nationwide upon registration: the exporter must provide the IFS Code, account number and bank details in the prescribed format, obtain bank certification of the declaration, submit it for registration with the designated Customs official and verify via a signed checklist; account changes require re-registration. The customs-authorised bank branch will effect payment by crediting the same-bank account or transferring funds via RTGS/NEFT to other enabled banks, subject to central bank guidelines.
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Provisions expressly mentioned in the judgment/order text.
Drawback payment in core banking accounts enables exporters to receive credits nationwide via RTGS/NEFT from authorised customs bank.
Drawback payments will be credited to an exporter's core banking enabled account nationwide upon registration: the exporter must provide the IFS Code, account number and bank details in the prescribed format, obtain bank certification of the declaration, submit it for registration with the designated Customs official and verify via a signed checklist; account changes require re-registration. The customs-authorised bank branch will effect payment by crediting the same-bank account or transferring funds via RTGS/NEFT to other enabled banks, subject to central bank guidelines.
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