Central Board of Indirect Taxes and Customs vide circular dated 29th of May, 2024 has issued directions for disbursal of Drawback amounts into the exporters’ accounts through PFMS. With effect from 5th June, 2024, payment of Drawback amounts into the exporters’ accounts post scroll out, will be facilitated through the Public Finance Management System (PFMS).
The following procedure shall be adopted;
- Authorised officer at each Customs location shall process the Duty Drawback scroll queue.
- The scrolls generated at different locations will be AUTOMATICALLY processed by the CAS for onward transmission to the Central Nodal eDDO.
- The nominated central nodal eDDO shall forward the consolidated All India duty drawback scroll to the nodal ePAO.
- After approval from the nodal ePAO, duty drawback amounts shall be credited into the exporters’ bank accounts linked with PFMS.