Sri City, September 13, 2017:- As a trade facilitation measure, the Reserve Bank of India (RBI) authorised State Bank of India, Sri City, as the designated bank for collection of Customs Duty. In a formal function organised at the bank, Dr. M.K. Shanmuga Sundaram, IAS, Development Commissioner (DC), Madras Export Processing Zone (MEPZ) SEZ, & Incharge DC, Sri City, inaugurated the counter and declared it operational in the presence of Mr. Purnachandrudu, Regional Manager, State of India, Chittoor, Mr. Nagarajan, CFO, Sri City, and a host of dignitaries from the units.
Speaking on the occasion Dr. Shanmuga Sundaram said that the units of the SEZ, which were, hitherto, paying customs duty at the SBI, Srikalahasti, will find it very convenient as the collection counter is available at their doorstep.