Drawback credit to core banking accounts: direct nationwide payment to exporters' RTGS/NEFT-enabled branches upon IFSC registration and bank certification. Drawback payments will be credited to an exporter's core banking enabled account at any bank branch nationwide after the exporter submits a prescribed, bank-certified declaration including the IFSC code and account details to designated Customs officials for registration and returns a signed checklist; changes require fresh registration. Customs-authorized bank branches will authorize payment and either credit accounts within the same bank or transfer funds to other RTGS/NEFT-enabled banks, with transfers and charges governed by RBI guidelines.
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 to core banking accounts: direct nationwide payment to exporters' RTGS/NEFT-enabled branches upon IFSC registration and bank certification.
Drawback payments will be credited to an exporter's core banking enabled account at any bank branch nationwide after the exporter submits a prescribed, bank-certified declaration including the IFSC code and account details to designated Customs officials for registration and returns a signed checklist; changes require fresh registration. Customs-authorized bank branches will authorize payment and either credit accounts within the same bank or transfer funds to other RTGS/NEFT-enabled banks, with transfers and charges governed by RBI guidelines.
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