Payment of Drawback in the Exporter’s Core Banking Enabled Bank Account in Any Branch/ Bank Anywhere in the Country

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... LIC NOTICE NO. 20/2008 Subject: -Payment of Drawback in the Exporter s Core Banking 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... a large number of branches/ cities and other technological advancements in the banking sector, there have been demands from the exporters and various trade associations, especially the Delhi Exporters Association, 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nt at that EDI location or any other bank other than the authorized bank (in any core banking enabled branch which is also 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 in the presc .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... erifying the correctness of account number return the signed copy of the check list to the designated Customs official. d) Whenever there is a change in the exporter s bank account number the same procedure is required to be followed by the exporter for fresh registration of new bank account number. (ii) The practice of sanction and payment of drawback shall continue to b .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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. This Public Notice would be effective from the July 15th, 2008. (H. K. JAIN) COMMISSIONER - Circular - Trade Notice - Public Notice - Instruction .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X