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)
\nNEW CUSTOM HOUSE, BALLARD ESTATE, MUMBAI-400 001
\nF.No.S\/26-Misc-54\/2017 DBK
\nDate: 08 .11.2017
\nPUBLIC NOTICE NO. 129\/2017
\nSub.: Validation of Bank Accounts in the Public Financial Management System (PFMS) for speedy & smooth disbursal of IGST (Integrated Goods & Services Tax) Export refund- reg.
\nAttention of all the importers, exporters, customs brokers, and other stake holders is invited to the processing of refund of IGST paid on goods exported.
\n2. In th<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n IGST refund, even if sanctioned, may not get credited to the accounts of the exporters. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Validation of Bank Accounts in the Public Financial Management System (PFMS) for speedy & smooth disbursal of IGST (Integrated Goods & Services Tax) Export refundPUBLIC NOTICE NO. 129\/2017 Dated:- 8-11-2017 Trade NoticeCustomsOFFICE 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 … Continue reading “Validation of Bank Accounts in the Public Financial Management System (PFMS) for speedy & smooth disbursal of IGST (Integrated Goods & Services Tax) Export refund”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-17066","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/17066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17066"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/17066\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n4. 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.
\n5. 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<\/p>\n
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