Validation of Bank Accounts in the Public Financial Management System (PFMS) for speedy & smooth disbursal of IGST (Integrated Goods & Services Tax) Export refund
PUBLIC NOTICE NO. 129/2017 Dated:- 8-11-2017 Trade Notice
Customs
OFFICE OF COMMISSIONER OF CUSTOMS (Export-II)
NEW CUSTOM HOUSE, BALLARD ESTATE, MUMBAI-400 001
F.No.S/26-Misc-54/2017 DBK
Date: 08 .11.2017
PUBLIC NOTICE NO. 129/2017
Sub.: Validation of Bank Accounts in the Public Financial Management System (PFMS) for speedy & smooth disbursal of IGST (Integrated Goods & Services Tax) Export refund- reg.
Attention of all the importers, exporters, customs brokers, and other stake holders is invited to the processing of refund of IGST paid on goods exported.
2. In th
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IGST refund, even if sanctioned, may not get credited to the accounts of the exporters.
4. It is reported that “closed” bank accounts of the exporters still exist in the system and PFMS has invalidated such accounts making the prospective disbursal of IGST refund to such closed accounts impossible. Accordingly, the list of accounts, which are not validated by PFMS pertaining to New Custom house, is uploaded on the website (http://www.mumbaicustomszone1.gov.in) under the heading “miscellaneous” for wider publicity and necessary action at the end of the concerned exporters.
5. In view of the above, exporters are advised to update their bank accounts immediately and not to make any changes in the same during the current financial year for s
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