Tag

• UGI USER
• CBIC customs reforms duty drawback ease of doing business electronic disbursal exporters benefits financial transparency government initiative India trade news Trade Facilitation
• 75
• 0

“CBIC IMPLEMENTS ELECTRONIC DISBURSAL FOR DUTY DRAWBACK FUNDS”

Why in the news? CBIC initiates electronic disbursal of duty drawback funds. Duty drawback amounts are now directly credited to exporters’ bank accounts via the PFMS platform, as announced by the Central Board of Indirect Taxes and Customs. About Central Board of Indirect Taxes & Customs (CBIC): Previously known as the Central Board of Excise …

Read More