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of <h1>IDBI Bank Authorized to Collect Central Excise Duties and Service Tax via E-Payment for Large Taxpayers Starting August 1, 2008.</h1> The Reserve Bank of India, in consultation with the Central Board of Excise & Customs, has authorized IDBI Bank to collect Central Excise Duties and Service Tax via e-payment from large taxpayers. This interim arrangement allows IDBI Bank to accept e-payments for all Commissionerates without restrictions, while physical collections remain Commissionerate-specific. E-payments for Central Excise will be processed in Chennai, and for Service Tax in Mumbai, with reporting and fund settlement following existing procedures. These arrangements are effective from August 1, 2008, and should be communicated to all trade association members.
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