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:-
- RAs would collect, on immediate basis, following details, in respect of
all the applications already received by them, for deemed export claims:
- Name of the beneficiary’s (Claimant’s) Bank ;
- Account No. of the beneficiary ;
- Type of Account ;
- Customer’s I.D. No. (if any) ;
- I.F.S.C. Code ;
- Telephone No./FAX No. ; and
- A copy of blank cancelled cheque for verification of the facts provided by
the applicant.
- For future claims, applicants shall submit the information, as mentioned
under Point (i) above, alongwith applications for their claims.
- 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”.
- 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.
- 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) |
- 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)