Validation of Bank Accounts in the Public Financial Management System (PFMS) for speedy & smooth disbursal of IGST (Integrated Goods & Services Tax) Export refund

Customs – PUBLIC NOTICE NO. 129/2017 – Dated:- 8-11-2017 – 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 this context, it is again clarified that the shipping bill itself are treated as the refund application with effect from 01/07/2017 and therefore, no separate refund application i

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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 smooth disbursal of IGST Refund. 6. Difficulty if any, may be brought to the notice of the Deputy / Assistant Commissioner of customs (Drawback or EDI) in person or through email on emai

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