Bank account compliance by Exporters for claiming Drawback under the EDI system (ICES – 1.5) at ACC, Cochin - Customs - 24/2011

OFFICE OF THE COMMISSIONER OF CUSTOMS CUSTOM HOUSE : COCHIN-682009 PUBLIC NOTICE NO. 24/2011 F.No. S25/EDI-ACC/01/2010 Cus Dated 20.12.2011 Sub : Bank account compliance by Exporters for claiming Drawback under the EDI system (ICES 1.5) at ACC, Cochin. It is brought to the notice of all the Importers/CHAs and members of the Trade that the following directions may be complied with to enable computerized processing of Drawback claims for exports under EDI system in Air Cargo, Cochin. An exporter desirous of exporting goods under claim of drawback will be required to declare to the authorized customs official, at the 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 address as per the prescribed format (enclosed annexure). 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 the bank branch, where he operates his bank account, and the certified copy of the form shall be produced by him before the Deputy Commissioner for registration of the bank account. A copy of the certified declaration form shall also be submitted by the exporter to the authorized bank branch at the EDI location through which the drawback amount will be transferred. c) After registration of exporter s bank account number and IFS code with customs, a check list will be given to the exporter and the exporter or his authorized representative shall verify the correctness of the account details and return the signed copy of the check list to the customs official. d) Whenever there is a change in the exporter s bank account number the above procedure is required to be followed by the exporter for fresh registration of new bank account number. ii) 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 will take 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. Under this procedure it will not be mandatory for any new exporter to open a bank account only with the designated authorized bank branch at the port of export. For the purpose this public notice, State Bank of India, Port Trust Branch is the authorized bank till further notice issued in this regard. Sd/- (VIJAY KALSI) COMMISSIONER OF CUSTOMS Annexure A Bank Account Registration Form I.E.C. No. : _______________________________________________ IFS Code : _______________________________________________ Bank Account No: __________________________________________ Bank Name: _______________________________________________ Bank Address: _____________________________________________ (for Drawback Purpose) I declare that the above particulars are correct. Signature of Exporter/his Authorised Representative Date: Certified that the above details are correct. Signature of Bank Branch Manager along with the Official seal.