Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Date: 21-02-2011
Notification No: DGFT Policy Circular No 22(RE-2010)/2009-14
Issuing Authority: DGFT  
Type: Circular
File No: F.No.Misc.46/AM-11/DBK Cell
Subject: Online Payment to the beneficiaries (firms) for their DBK/TED refund claims, by RAs of DGFT.

MINISTRY OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
UDYOG BHAWAN: NEW DELHI
Dated: 21-02-2011

Policy Circular No.22(RE-2010) / (2009-14)

Sub:- Online Payment to the beneficiaries (firms) for their DBK/TED refund claims, by RAs of DGFT.

Regional Authorities (RAs) of DGFT disburses deemed export drawback and terminal excise duty as per provisions of FTP and HBP Vol. I. In order to facilitate this process and faster disbursal of such claims, it has been now decided that payment of such claims, henceforth, shall be made online. To give effect to this decision, RAs are required to take following actions:-

  1.  RAs would collect, on immediate basis, following details, in respect of all the applications already received by them, for deemed export claims:
  1. Name of the beneficiary’s (Claimant’s) Bank ;

  2. Account No. of the beneficiary ;

  3. Type of Account ;

  4. Customer’s I.D. No. (if any) ;

  5. I.F.S.C. Code ;

  6. Telephone No./FAX No. ; and

  7. A copy of blank cancelled cheque for verification of the facts provided by the applicant.
  1.  For future claims, applicants shall submit the information, as mentioned under Point (i) above, alongwith applications for their claims.

  2. For the total amount of claims for which the payment is to be made by RA, RAs will issue one cheque for all claims. This cheque would be of an amount equivalent to total claims approved for all applicants. This cheque will be issued to Central Bank of India and name of the Payee will be shown as “yourself”.
  1. The cheque as drawn above will enclose lists of all firms, Bank wise, to whom payments are to be made. For example, if an RA has to make payment to five claimants and account of three claimants is with SBI and that of two claimants is with Oriental Bank of Commerce, in that case RA will make two lists - one for SBI & another for Oriental Bank of Commerce.

  2. The list shall contain following information:
Name of Beneficiary/claimant   Name of the beneficiary’s bank   Name of the Branch   Name of the concerned city   Beneficiary’s Account No.   Type of  A/C   IFSC Code   Customer’s ID No.(if any)   Tel-phone No.   FAXNo.(if any)
(1)   (2)   (3)   (4)   (5)   (6)   (7)   (8)   (9)   (10)
  1.  Every RA will forward above stated information, Bank-wise to DBK Cell, DGFT, so that same could be made available to Principal Accounts Office, BBA Section, Deptt. of Commerce.

This issues with the approval of Director General of Foreign Trade.

Sd/-
Dr. L.B. Singhal
Jt. Director General of Foreign Trade
(Issued from F.No.Misc.46/AM-11/DBK Cell)

       

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 16-06-2022
Notification No. 51 /2022 - Customs (N.T.)
Exchange rate Notification No.51/2022-Cus (NT) dated 16.06.2022-reg

Date: 15-06-2022
Notification No. 50/2022-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 08-06-2022
Notification No. 21/2022-Customs (ADD)
seeks to amend notification no. 45/2017-Customs(ADD) dated 18th September, 2017 to extend the ADD on pneumatic tyres of specific specifications from China PR upto 17th December, 2022

Date: 03-06-2022
Notification No. 19/2022-Customs (ADD)
Seeks to extend the levy of ADD on import of Toluene Di-isocyanate (TDI) originating in or exported from China PR, Japan and Korea RP,by amending notification No. 3/2018-Customs (ADD) dated 23-01-2018.

Date: 02-06-2022
Notification No. 49/2022 - Customs (N.T.)
Exchange rate Notification No.49/2022-Cus (NT) dated 02.06.2022-reg.

Date: 31-05-2022
Notification No. 46/2022-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 31-05-2022
NOTIFICATION No. 47/2022-Customs (N.T.)
Notification to exempt the deposits from the provision of Section 51A of the Customs Act -reg.

Date: 31-05-2022
NOTIFICATION No. 48/2022-Customs (N.T.)
Notification to exempt the deposits from the provision of Section 51A of the Customs Act -reg.

Date: 31-05-2022
Notification No. 18/2022-Customs (ADD)
Seeks to further extend the levy of ADD on Jute products originating in or exported from Nepal and Bangladesh.

Date: 30-05-2022
Notification No. 17/2022-Customs (ADD)
Seeks to extend the Anti-Dumping Duty (ADD) on imports of "Styrene Butadiene Rubber" originating in or exported from European Union, Korea RP and Thailand, imposed vide Notification No. 43/2017-Customs (ADD) dated 30th August 2017, till 31st October, 2022.



Exim Guru Copyright © 1999-2022 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001