TaxTMI 
TaxTMI 
SINGLE BANK ACCOUNT FOR EXPORTERS/IMPORTERS WITH EFFECT FROM
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....INGLE BANK ACCOUNT FOR EXPORTERS/IMPORTERS WITH EFFECT FROM <br>News and Press Release<br>Dated:- 16-1-2008<br><BR>Department of Commerce is facilitating a project entitled "eTrade" among all trade re....
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....gulatory and facilitating agencies like Customs, Directorate General of Foreign Trade (DGFT), Sea Ports, airports, CONCOR, Banks etc., to provide 24X7 electronic delivery of efficient service to Expor....
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....ters/ Importers. Currently, Exporters/ Importers have to maintain multiple bank accounts at their Head Offices/ Ports, Airports etc., to handle their export-import transactions. With a view to facilit....
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....ate trade, a series of meetings were held and finally at a meeting convened by the Commerce Secretary, Shri G.K. Pillai, on 20.12.2007, it was decided that all Exporters/ Importers would need to maint....
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....ain only one core-banking enabled bank account at national level for transactions with any of the stakeholders for trade. This would include Customs, DGFT, Ports, airports, Banks etc. All the concerne....
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....d Government agencies have been advised to facilitate e-payment using single core-banking enabled bank account of Exporters/ Importers in the country. Exporters/ Importers would declare to all the age....
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....ncies their one bank account in any core-banking enabled branch anywhere in India for all payments/ receipts, including Drawback. This would come into effect throughout India from 01.04.2008.<BR> News....
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.... - Press release - PIB....