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: 01-12-2022
Notification No. 101/2022 - Customs (N.T.)
Exchange rate Notification No. 101/2022-Cus (NT) dated 01.12.2022-reg

Date: 01-12-2022
Notification No. 40/2022-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude.

Date: 01-12-2022
Notification No. 41/2022-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on Diesel.

Date: 01-12-2022
NOTIFICATION No. 04/2022-Central Excise (N.T.)
Appointment of the Commissioner of Central Excise and Service Tax (Appeals) as Central Excise officer for the entire territorial jurisdiction of the Principal Chief Commissioner/ Chief Commissioner of Central Excise and Service Tax for the purpose of passing Orders-in-Appeal for the CX & ST appeals filed after 30.06.2017-reg.

Date: 30-11-2022
Notification No. 100/2022-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 29-11-2022
No.98 /2022-Customs (N.T.)
Amendment of notification no. 47/2022–Customs (N.T.), dated the 31st May, 2022

Date: 29-11-2022
NOTIFICATION No. 99/2022-Customs (N.T.)
Amendment of notification number 48/2022-Customs (N.T.) dated the 31st May, 2022

Date: 25-11-2022
NOTIFICATION No. 61/2022-Customs
Seeks to amend certain specific FTA/PTA notifications.

Date: 23-11-2022
NOTIFICATIONNo. 23/2022 – Central Tax
Seeks to empower the Competition Commission of India to handle anti-profiteering cases under CGST Act, 2017 with effect from 01.12.2022.

Date: 23-11-2022
NOTIFICATION No. 24/2022 – Central Tax
Seeks to make fourth amendment (2022) to CGST Rules with effect from 01.12.2022.



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