CBIC initiates electronic disbursal of duty drawback amount directly to exporter’s bank accounts through PFMS from today, 5th June 2024 https://www.taxtmi.com/news?id=27518 CBIC will electronically disburse Duty Drawback payments directly into exporters' bank accounts via the Public Finance Management System, automating transfers for claims processed through the Customs Automated System and replacing the prior CCDA and consolidated cheque mechanism to reduce manual intervention, improve transparency and accelerate payment under the framework of section 75 of the Customs Act, 1962. en-us Wed, 05 Jun 2024 18:35:46 +0530 Wed, 05 Jun 2024 18:35:46 +0530 TaxTMI RSS Generator CBIC initiates electronic disbursal of duty drawback amount directly to exporter’s bank accounts through PFMS from today, 5th June 2024 https://www.taxtmi.com/news?id=27518 CBIC will electronically disburse Duty Drawback payments directly into exporters' bank accounts via the Public Finance Management System, automating transfers for claims processed through the Customs Automated System and replacing the prior CCDA and consolidated cheque mechanism to reduce manual intervention, improve transparency and accelerate payment under the framework of section 75 of the Customs Act, 1962. News - Wed, 05 Jun 2024 18:35:46 +0530 https://www.taxtmi.com/news?id=27518