P&H HC Quashes Case over Allegations Against Judge, Orders Police Awareness on S.215 BNSS  ||  Chhattisgarh HC: Scheduled Tribe Persons Can Voluntarily Choose to be Governed by Hindu Marriage Act  ||  Kerala HC: Intra-Court Appeal Maintainable Against Ex Parte Ad Interim Orders Affecting Remedies  ||  Kerala HC: Failure To Record Victim’s Intellectual Disability isn’t Fatal if Competent to Testify  ||  Calcutta HC Reduces Man's Sentence, Holding Bamboo Stick or Rod Not A Weapon Likely To Cause Death  ||  Kerala HC: Siblings Cannot Claim Compensation for ‘Loss of Love’ in Motor Accident Death Cases  ||  Gujarat HC: Judicial Fixation of Standard Rent Inapplicable to New Construction After 2001 Amendment  ||  Orissa HC: 60-Day Disposal of DV Act Plea May Not be Practical but Long Adjournments Must be Avoided  ||  Madras HC: Minister Regupathy Gave a Mischievous Political Twist to the Thiruparankundram Issue  ||  Jharkhand HC Cautions Officers, Says Citing Proposed SLP in SC to Delay Compliance is ‘In Bad Faith’    

CBIC initiates electronic disbursal of duty drawback amount directly to exporter’s bank accounts - (05 Jun 2024)

Customs

Central Board of Indirect Taxes and Customs (CBIC) initiates electronic disbursal of duty drawback amount directly to exporter’s bank account in a transparent and efficient manner with effect from 5th June, 2024.The payment of duty drawback amounts into the exporters' accounts will be facilitated through the Public Finance Management System (PFMS) automatically. This is another initiative of the CBIC towards paperless Customs and enhanced trade facilitation.

This new functionality is expected to reduce time taken for payment of drawback amount by eliminating manual intervention in the drawback disbursal mechanism and increase transparency. Duty Drawback under Section 75 of the Customs Act, 1962 rebates customs duty chargeable on any imported materials or excisable materials used in the manufacture of export goods. Duty Drawback claims are processed through the Customs Automated System (CAS), enumerated in a scroll, Computerised Customs Drawback Advice (CCDA) is printed and sent to the Authorised Bank branch along with supporting single cheque of consolidated amount for payment of duty drawback amounts into the exporters' accounts. This contributes to the delay in the disbursal of duty drawback.

The CBIC plays a significant role in India's efforts to improve ease of doing business through trade facilitation and have implemented the WTO Trade Facilitation Agreement (TFA). Further, CBIC aims to undertake next generational Trade Facilitation reforms adopting the TFA plus approach.

Tags : ELECTRONIC DISBURSAL   DUTY DRAWBACK   LAUNCH  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved