Refund Payment to Bank Accounts: optional bank-credit mechanism replaces cheques, speeding NEFT/RTGS disbursement and notification. An optional facility allows direct payment of SAD and other refunds to importers' bank accounts: claimants must submit a duplicate authorization; Refund Orders will be marked for bank payment and forwarded (not handed over) to Cash & Accounts, which will verify status, prepare a daily scroll and send it with a consolidated cheque to the bank; the bank will credit accounts via NEFT/RTGS after deducting service and transfer charges and inform importers by e-mail. The facility applies to claims filed after the notice and may be extended to certain past claims on request.
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.
Refund Payment to Bank Accounts: optional bank-credit mechanism replaces cheques, speeding NEFT/RTGS disbursement and notification.
An optional facility allows direct payment of SAD and other refunds to importers' bank accounts: claimants must submit a duplicate authorization; Refund Orders will be marked for bank payment and forwarded (not handed over) to Cash & Accounts, which will verify status, prepare a daily scroll and send it with a consolidated cheque to the bank; the bank will credit accounts via NEFT/RTGS after deducting service and transfer charges and inform importers by e-mail. The facility applies to claims filed after the notice and may be extended to certain past claims on request.
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