Payment of Drawback in the Exporter's Core Banking Enabled Bank Account in Any Branch/ Bank Anywhere in the Country. - Reg.

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....s (ICES locations) Sir/Madam, Subject: - Payment  of Drawback in the Exporter's Core Banking Enabled Bank  Account in Any Branch/ Bank  Anywhere in the Country. - Reg. I am directed to invite your attention to the above mentioned subject. 2.         As per the existing  Customs Procedure for computerised processing of drawback Shipping Bills and drawback claims under the Indian Customs EDI System (ICES)  an exporter is required  to open a bank account only with the  authorized bank branch  at the port of export . This has been done to enable direct credit of the drawback amount to their accounts, obviating the need for issue of cheques. The expo....

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....regard: i)  An exporter desirous of exporting goods under claim of drawback will be required to declare to the customs authorities, at  each  port  from where he is exporting goods under claim of  drawback - a)   in case he wishes to have his drawback credited in any core banking branch of the bank authorized for drawback payment at that EDI location or any other bank other than the authorized bank (in any core banking enabled branch which is RTGS and NEFT enabled), the exporter will be required to declare to the customs authorities the Indian Financial Service (IFS)  Code of the bank branch where he operates his bank account, in addition to the core banking enabled account number, bank name and....

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....e necessary action to credit the drawback amount in the exporter's core banking enabled account of the same bank. In respect of accounts in any bank branch of other banks (Core banking, RTGS/NEFT enabled), the customs authorized bank branch will transfer the drawback amount through the RTGS/NEFT facility. These transactions, including the charges thereof, will be governed by guidelines issued by the RBI in this regard from time to time.  Exporters can approach their bank for issuance of statement of such credits made in their accounts. iii)    The Customs authorized bank will also send reverse scroll to the Customs authorities   as per the established procedure/ instructions issued in this regard. 4. &nbs....