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. 44/2017 Dated:- 12-10-2017 Trade Notice
Customs
GOVERNMENT OF INDIA
MINISTRY OF FINANCE DEPARTMENT OF REVENUE
OFFICE OF THE PRINCIPAL COMMISSIONER OF CUSTOMS
CUSTOM HOUSE, PORT AREA, VISAKHAPATNAM – 530 035
F. No. S2/08/2017-EDI
Date: 12/10/2017
PUBLIC NOTICE NO. 44/2017
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 proce
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s of the exporters are closed and /or not validated by PFMS, then the 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 VCH (Export) is uploaded on the website of the "Visakhapatnam Customs House" (www.Vizagcustoms.gov.in) under the heading "Latest 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 ban
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