CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th Floor, 7 Cooperage Road, Mumbai - 400 001.India.
Tel : +91 22 22021288 / * Fax : +91 22 22026684
* E-mail : info@chemexcil.gov.in Web : https://chemexcil.in
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EPC/LIC/JNCH
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18th October 2017
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ALL MEMBERS OF THE COUNCIL
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IGST Refunds
Validation of Bank Accounts in the Public Financial Management System (PFMS)/ Issues hindering the disbursal of IGST Refund
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Dear Members,
We have received communication from the Assistant Commissioner of Customs, Drawback, Air Cargo Complex, Mumbai with list of Exporters along with their IEC No. wherein IGST Export Refund could not be generated because of any of the certain deficiencies.
We are given to understand that the process of disbursal of IGST Export Refund requires updated and validated Bank Account in PFMS. Also the Bank Account details of Custom EDI/ ICEGATE be same as that mentioned in GSTN. Further, GSTR1 in specific reference to table 6A and GSTR3 Refund should be filed. Also the EGM Error if any should be corrected on priority. Deficiency in any of the above mentioned prerequisite will hinder the disbursement of IGST Export Refund.
In this regard, we would like to inform you that Jawaharlal Nehru Custom House (JNCH)has issued also Public Notice No. 123/2017 dated 28/09/2017 regarding Validation of Bank Accounts in the Public Financial Management System (PFMS) for speedy & smooth disbursal of IGST (Integrated Goods & Services Tax) Export refund. However, in order to avail the IGST refund, it is mandatory that the exporters have validated their bank accounts by “Public Financial Management System (PFMS)”. If bank accounts of the exporters are closed and/or not validated by PFMS, then the IGST refund, even if sanctioned, may not get credited to the accounts of the exporters.
As per above PN, it is reported to JNCH that “closed” bank accounts of the exporters still exist in the system and PFMS has invalidated such accounts making the prospective disbursal of IGST refund to such closed accounts impossible. The list of list of accounts, which are not validated by PFMS pertaining JNCH(Export) is uploaded on the website of the “Jawahar Lal Nehru Customs House” (http://www.jawaharcustoms.gov.in) under the heading “Latest Updates” for wider publicity and necessary action at the end of the concerned exporters.
Members are requested to take note of the same and advised to get the anomalies rectified, if any, to ensure disbursement of IGST Refunds.
Thanking you.
Yours faithfully,
S.G BHARADI
EXECUTIVE DIRECTOR
CHEMEXCIL
Enclosure:- IEC_BNK_CD
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