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

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..... e is invited to the existing Customs procedure for processing of Drawback Shipping Bills and Drawback claims under the Indian Customs EDI Systems (ICES) whereby 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 Drawback are not accepted in case the account number of the exporter in the authorized bank branch is not indicated in the declaration form. 2. With the introduction of CBS (Core Bank Solution) by the Public Sector .....

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..... k branch where he operates his bank account, in addition to the core banking enabled account number, bank name and address in the prescribed format given below. The IFS Code No. can be obtained by the exporter from his bank branch. 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 particula .....

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..... 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. 3. With the introduction of this procedure it will no longer be mandatory for any new exporter to open a bank account only with the desi .....

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