<h1>CBIC Launches Electronic Duty Drawback Disbursal to Exporters via PFMS for Faster, Transparent Trade Facilitation.</h1> The Central Board of Indirect Taxes and Customs (CBIC) has begun electronic disbursal of duty drawback amounts directly to exporters' bank accounts via the Public Finance Management System (PFMS) starting June 5, 2024. This initiative aims to enhance trade facilitation by reducing manual intervention and increasing transparency in the disbursal process. Duty drawback rebates customs duty on imported or excisable materials used in manufacturing export goods. Previously, delays occurred due to manual processes. This move aligns with CBIC's efforts to implement paperless customs and improve ease of doing business, following the WTO Trade Facilitation Agreement.