Truncated bank account numbers hinder drawback credits; exporters must revalidate accounts and request manual payment processing. Truncated bank account numbers prevented electronic crediting of drawback payments; the bank returned funds by cheque and will notify affected exporters to correct account numbers in Customs EDI. Customs shared lists of affected IECs and shipping bills with trade bodies and uploaded them online, directed exporters to seek re validation of bank details to Core Banking norms and to apply to the Customs DBK (EDI) Section for manual processing, and waived certain formalities to permit manual disbursement for listed IECs.
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Truncated bank account numbers hinder drawback credits; exporters must revalidate accounts and request manual payment processing.
Truncated bank account numbers prevented electronic crediting of drawback payments; the bank returned funds by cheque and will notify affected exporters to correct account numbers in Customs EDI. Customs shared lists of affected IECs and shipping bills with trade bodies and uploaded them online, directed exporters to seek re validation of bank details to Core Banking norms and to apply to the Customs DBK (EDI) Section for manual processing, and waived certain formalities to permit manual disbursement for listed IECs.
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