ICES Advisory 18/2018 - Abolition of Group 7 and other Exports related developments

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..... 8. PUBLIC NOTICE: 33/2018 Sub: ICES Advisory 18/2018 - Abolition of Group 7 and other Exports related developments - reg. ********* Kind attention of Importers/ Exporters/ Customs Brokers and the trading public is brought to processing of Bills of Entries/ Shipping Bills in ICES . As per the instruction from CBIC Board for abolition of Assessment Group 7 for different Scheme/Li .....

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..... mport duties. 4. It is informed that the Bank Account Number validation by PFMS is now mandatory for Drawback payment also. The drawback amount shall not be released for the Exporters whose account number is not accepted by PFMS similar to release of IGST Refunds and RoSL. This is a step towards making Drawback payment completely electronic through PFMS, which is to be implemented in due course .....

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