Customs Asks Exporters to Update Bank Details with New IFSC Codes Due to Merger of Certain Banks for Refund of IGST and Drawback

[Public Notice No.9/2021 dated 18.03.2021]

[The following Public Notice was issued by the Air Cargo Complex (Exports) New Delhi on 18 March 2021]

Sub: Updating of Bank Account details of Exporters with new IFSC code due to merger of certain Banks etc. for IGST refund and Customs Drawback

Attention of all exporters, Custom Brokers, and all concerned is invited to the subject cited above.

2. It is to inform that due to merger of certain Banks, a high incidence of rejection of IGST Scrolls! Customs Drawback Scrolls is being noticed due to insufficient information/wrong Bank Account number/ invalid IFSC.

3. It is also pertinent to mention here that error in the bank account details in respect of single exports could cause failure/ rejection of the entire scroll.

4. In view of the above, the exporters/ beneficiaries are advised to identify their bank accounts, in those Banks which are under process of merger, and update their new IFSC codes along with correct bank account number and to submit AD code letter from the concerned bank through online Bank management / AD code registration facility provided on ICEGATE website using the 'modify option".

5. In this regard, Custodian of Export shed of ACC Export are directed to suitably guide the exporters / beneficiaries to mitigate the increases risk of scrolls rejection due to merger of banks.

6. In case of any difficulties, Exporters may contact the Assistant Commissioner (Drawback) at Phone No. 011-25654390 and on the mail ID - accdbk.delhi@icegate.gov.in.

This issues with the approval of Commissioner.

C. No. VIII/ACEIDBK/IGST Helpdesk/156/2017

<Public Notice>