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

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..... C NOTICE NO. 24/2008 Sub: 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 above subj .....

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..... ber of branches/cities and other technological advancements in the banking sector, there have been demands from the exporters and various trade associations, 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 in the exporter s account in any core banking branch of th .....

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..... horized 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 prescribed format (As per the annexure to this Public Notice). Th .....

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..... 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 be in the same manner as it exists now. The drawback claim, af .....

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..... 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 15th July,2008. Sd/- (B. SYED MOHAMMED) COMMISSIONER - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - .....

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