Drawback credit in core banking accounts enables exporters to receive payments into any RTGS/NEFT-enabled branch nationwide, subject to registration. Payment of drawback may be credited to an exporter's account at any core-banking branch nationwide, provided the branch is RTGS/NEFT-enabled where interbank transfer is required. Exporters must submit a bank-certified registration form containing the IFS Code, account number, bank name and address to the designated Customs official and to the Customs-authorized bank branch. The authorized bank branch at the port will either directly credit same-bank accounts or transfer funds via RTGS/NEFT to other banks, subject to RBI guidelines and mandatory registration and verification procedures.
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 credit in core banking accounts enables exporters to receive payments into any RTGS/NEFT-enabled branch nationwide, subject to registration.
Payment of drawback may be credited to an exporter's account at any core-banking branch nationwide, provided the branch is RTGS/NEFT-enabled where interbank transfer is required. Exporters must submit a bank-certified registration form containing the IFS Code, account number, bank name and address to the designated Customs official and to the Customs-authorized bank branch. The authorized bank branch at the port will either directly credit same-bank accounts or transfer funds via RTGS/NEFT to other banks, subject to RBI guidelines and mandatory registration and verification procedures.
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