Payment of Drawback in the Exporter's Core Banking Enabled Bank Account in Any Branch/ Bank Anywhere in the Country
As per the existing Customs Procedure for computerised processing of drawback Shipping Bills and drawback claims under the Indian Customs EDI System (ICES) 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.
With the introduction of CBS (Core Bank Solution) by the Public Sector and other banks and its expansion to a large number of branches/cities and other technology changes 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. The matter has been examined in consultation with the Reserve Bank of India , Indian Banks' Association and the Principal Chief Controller of Accounts, CBEC. It has now been decided to credit the drawback amount in the exporter's account in any core banking branch of the authorized bank anywhere in the country. In respect of exporters whose accounts are not in the authorized banks at the EDI location but in some other bank, the facility of RTGS (Real Time Gross Settlement) and NEFT (National Electronic Fund Transfer) would be used to transfer the credit of drawback amount in the exporter's account provided the concerned branch of the other bank is RTGS and NEFT enabled.
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
It is proposed to introduce this procedure with effect from the July 1st, 2008 at the Jawahar Lal Nehru Custom House ( Nava Sheva ), ICD Tughlakabad , ICD Pataprganj and Air Cargo (Exports) NCH , New Delhi . Remaining ICES locations will implement the above procedure with effect from 15-07-2008.
Circular No. -Systems Dated: 24th June, 2008