The Synthetic & Rayon Textiles Export Promotion Council

Errors in the bank account Nos. IFSC codes, etc given by the exporters for processing claims of duty drawback

Circular No.ES/353/2016-17                                                              March  23, 2017      

To: Members of the Council

SubErrors in the bank account Nos. IFSC codes, etc given by the exporters for processing claims of duty drawback

Dear Member,

Attention is invited to our  Circular No.ES/343 /2016-17 dated 20.03.2017 wherein CBEC had issued  Instructions No. 3/2017-Customs dated 16.03.2017 on the above subject.

It has been brought to the notice of the Board by systems Directorate that at times errors exist in the bank account number, IFSC code, etc. given by exporters, which leads to rejection of claim for payment of Duty Drawback by the local bank authorities.

In view of the above, Members of Trade are advised to immediately provide correct Bank account details, IFSC code, etc. in respect of IECs pointed out by Systems Directorate for smooth disbursal of Duty Drawback to ensure that drawback claims are not rejected for want of correct account details.

Now, Mumbai Customs has issued Public Notice No. 36/2017 dated 21.03.2017  on the above subject.

Members may kindly make note of the same and do the needful.

Thanking you,

V. ANIL KUMAR
EXECUTIVE DIRECTOR