Bank account verification requirement: PFMS validation now mandatory for export benefit disbursal, register or update AD Code accordingly. Registration and changes to Authorized Dealer Code and exporter bank account details for remittances and export benefits require bank-certified particulars (account holder name/contact, IEC, PAN, account number/nature, branch IFSC and branch contact, bank AD Code). PFMS will validate registered accounts and payments are held if verification fails. Changes require a cancelled cheque or bank closure certificate, which will be verified with the issuing bank. Authorized agents must submit authority proof and all documents must include the signatory's name, designation and functional contact details or be rejected.
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Bank account verification requirement: PFMS validation now mandatory for export benefit disbursal, register or update AD Code accordingly.
Registration and changes to Authorized Dealer Code and exporter bank account details for remittances and export benefits require bank-certified particulars (account holder name/contact, IEC, PAN, account number/nature, branch IFSC and branch contact, bank AD Code). PFMS will validate registered accounts and payments are held if verification fails. Changes require a cancelled cheque or bank closure certificate, which will be verified with the issuing bank. Authorized agents must submit authority proof and all documents must include the signatory's name, designation and functional contact details or be rejected.
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