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TMI BlogPayment of Drawback in the Exporter's Core Banking Enabled Bank Account in Any Branch/ Bank Anywhere in the Country. - Reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... t: - 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 exporter has to indicate the bank account number in the prescribed declaration form. Shipments for exports under claim for drawbac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 with this circular). 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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. With the introduction of this procedure it will no longer be mandatory for any new exporter to open a bank account only with the designated authorized bank branch at the port of export 5. It is proposed to introduce this procedure with effect from the July 1 st , 2008 at the Jawahar Lal Nehru Custom House ( Nhava Sheva), ICD Tughlakabad, ICD ..... X X X X Extracts X X X X X X X X Extracts X X X X
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