E-payment of refunds: direct bank credit to assessee accounts to expedite refund realisation and reduce cheque-related delays. The Board has directed that all refunds and rebates of Central Excise and Service Tax be paid by direct electronic transfer into the assessee's bank account, replacing cheque issuance and physical collection; this measure aims to eliminate delays, returned cheques due to address or clerical errors, and the paperwork and manpower burdens on claimants.
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.
E-payment of refunds: direct bank credit to assessee accounts to expedite refund realisation and reduce cheque-related delays.
The Board has directed that all refunds and rebates of Central Excise and Service Tax be paid by direct electronic transfer into the assessee's bank account, replacing cheque issuance and physical collection; this measure aims to eliminate delays, returned cheques due to address or clerical errors, and the paperwork and manpower burdens on claimants.
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