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of <h1>New Direct Payment System for Rebates and Refunds to Bank Accounts Starts March 2013; Reduces Paperwork and Visits.</h1> The circular introduces a new facility for direct payment of rebate and refund claims to the bank accounts of assessees and exporters, replacing the current system of issuing cheques. This aims to reduce paperwork and the need for physical visits to collect cheques. Effective from March 1, 2013, claimants must provide a one-time authorization for fresh claims, while pending claims require authorization by January 1, 2013. The process involves coordination between the Assistant/Deputy Commissioner and designated banks to credit the amounts via NEFT/RTGS. Stakeholders are advised to contact relevant officials for assistance.
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