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    <title>Validation of Bank Accounts in the Public Financial Management System (PFMS) for speedy &amp; smooth disbursal of IGST (Integrated Goods &amp; Services Tax) Export Refund</title>
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    <description>Validation of bank accounts in the Public Financial Management System (PFMS) is mandatory for receipt of IGST refund on exports. The shipping bill serves as the refund application where export consignments have departed and an Export General Manifest has been filed, subject to the exporter furnishing a valid Form GSTR-3 return. Exporters with closed or non-validated bank accounts in PFMS will not receive sanctioned refunds and are advised to update and validate account details promptly.</description>
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    <pubDate>Thu, 12 Oct 2017 00:00:00 +0530</pubDate>
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      <description>Validation of bank accounts in the Public Financial Management System (PFMS) is mandatory for receipt of IGST refund on exports. The shipping bill serves as the refund application where export consignments have departed and an Export General Manifest has been filed, subject to the exporter furnishing a valid Form GSTR-3 return. Exporters with closed or non-validated bank accounts in PFMS will not receive sanctioned refunds and are advised to update and validate account details promptly.</description>
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