FBR seeks IBAN of exporters’ bank accounts

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The Federal Board of Revenue has devised a centralized system of online payment of Customs Duty Drawback directly in the bank account of the exporters. For this purpose, FBR has required from the exporters to update their WEBOC profile and provide IBAN of the same Bank Account whose details are already available in WEBOC profile of the exporters to receive Custom Duty Drawback. FBR has required the information to be provided as soon as possible to avail electronic transfer facility for Customs Duty Drawback payments.