Direct payment to bank account: rebate and refund amounts credited via NEFT/RTGS upon claimant authorization. Facility introduced to pay rebate/refund amounts directly to assessee/exporter bank accounts. Fresh claims on or after 01.11.2012 must include a one-time authorization in duplicate and a cancelled cheque with IFSC; pending claims require authorization if orders are not issued. Sanctioning authorities will send a signed consolidated statement and a cheque to the designated bank branch; the bank will credit individual accounts via NEFT/RTGS after deducting applicable charges.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Direct payment to bank account: rebate and refund amounts credited via NEFT/RTGS upon claimant authorization.
Facility introduced to pay rebate/refund amounts directly to assessee/exporter bank accounts. Fresh claims on or after 01.11.2012 must include a one-time authorization in duplicate and a cancelled cheque with IFSC; pending claims require authorization if orders are not issued. Sanctioning authorities will send a signed consolidated statement and a cheque to the designated bank branch; the bank will credit individual accounts via NEFT/RTGS after deducting applicable charges.
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