TaxTMI 
TaxTMI 
Payment of Drawback in the Exporter’s Core Banking Enabled Bank Account in Any Branch/Bank Anywhere in the Country
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....anking Enabled Bank Account in Any Branch/Bank Anywhere in the Country reg. Attention of the Exporters, Custom House Agents, and the Trade is invited to the Circular No.01/2008-Systems dated 24-06-2008 issued by the Directorate General of Systems from file no. IV (26)/33/2008-System on the above subject. 2. As per the existing Customs procedure for processing of drawback Shipping Bills and drawb....
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....ers and various trade associations, for crediting of drawback amount in the exporter's core banking enabled bank account, in any branch/bank anywhere in the country. It has now been decided to credit the drawback amount in the exporter's account in any core banking branch of the authorized bank anywhere in the country. In respect of exporters whose accounts are not in the authorized banks at the E....
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....uthorities 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 address in the prescribed format (As per the annexure to this Public Notice). The IFS Code No. can be obtained by the exporter from his bank branch. b. The exporter shall get the bank account declaration form certified by ....
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.... followed by the exporter for fresh registration of new bank account number. ii. The practice of sanction and payment of drawback shall continue to be in the same manner as it exists now. The drawback claim, after being processed and sanctioned, will continue to be authorized for payment only through the customs authorized bank branch at the port of export. The Customs authorized bank branch wil....