Drawback payment to core-banking accounts enabled nationwide, with certified IFS code declaration and RTGS/NEFT transfers. Drawback amounts can be credited to an exporter's core-banking enabled account in any branch nationwide. Exporters must declare the branch IFS Code, core-banking account number, bank name and address in the prescribed certified declaration form, submit it to the designated Customs official and the authorized EDI bank branch, and complete a verification checklist. After sanction, the customs-authorized bank branch will credit the account directly if within the same bank, or transfer funds to other banks via RTGS/NEFT where the receiving branch is RTGS/NEFT enabled.
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.
Drawback payment to core-banking accounts enabled nationwide, with certified IFS code declaration and RTGS/NEFT transfers.
Drawback amounts can be credited to an exporter's core-banking enabled account in any branch nationwide. Exporters must declare the branch IFS Code, core-banking account number, bank name and address in the prescribed certified declaration form, submit it to the designated Customs official and the authorized EDI bank branch, and complete a verification checklist. After sanction, the customs-authorized bank branch will credit the account directly if within the same bank, or transfer funds to other banks via RTGS/NEFT where the receiving branch is RTGS/NEFT enabled.
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