Validation of Bank Accounts in the Public Financial Management System (PFMS) for speedy & smooth disbursal of IGST (Integrated Goods & Services Tax) Export Refund

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..... ISAKHAPATNAM - 530 035 F. No. S2/08/2017-EDI Date: 12/10/2017 PUBLIC NOTICE NO. 44/2017 Sub: Validation of Bank Accounts in the Public Financial Management System (PFMS) for speedy smooth disbursal of IGST (Integrated Goods Services Tax) Export Refund-reg. Attention of all the importers, exporters, Customs brokers, and other stake holders is invited to the processing .....

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..... hen the IGST refund, even if sanctioned, may not get credited to the accounts of the exporters. 4. It is reported that closed bank accounts of the exporters still exist in the system and PFMS has invalidated such accounts making the prospective disbursal of IGST refund to such closed accounts impossible. Accordingly, the list of accounts, which are not validated by PFMS pertaining VCH (Export .....

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