Electronic payment of export rebate/refund via RTGS/NEFT mandated, with bank-certified authorization and remittance verification. Electronic payment of sanctioned rebate/refund amounts via RTGS/NEFT replaces cheque payments; claimants must submit a bank-certified One Time Authorization at filing (valid one financial year) which is recorded in an authorization register. Jurisdictional authorities will submit weekly Annexure B lists with a consolidated cheque to Bank of Baroda, which will verify details, deduct applicable RTGS/NEFT charges as per RBI guidelines, remit net amounts to beneficiaries, and return remittance particulars (including UTR) in Annexure B-1 for entry in the Refund/Rebate Order.
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.
Electronic payment of export rebate/refund via RTGS/NEFT mandated, with bank-certified authorization and remittance verification.
Electronic payment of sanctioned rebate/refund amounts via RTGS/NEFT replaces cheque payments; claimants must submit a bank-certified One Time Authorization at filing (valid one financial year) which is recorded in an authorization register. Jurisdictional authorities will submit weekly Annexure B lists with a consolidated cheque to Bank of Baroda, which will verify details, deduct applicable RTGS/NEFT charges as per RBI guidelines, remit net amounts to beneficiaries, and return remittance particulars (including UTR) in Annexure B-1 for entry in the Refund/Rebate Order.
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