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of <h1>E-payment System Launched for Central Excise and Service Tax Refunds to Streamline Process and Enhance Efficiency.</h1> The trade notice announces the implementation of an e-payment system for the refund and rebate of Central Excise and Service Tax, as outlined in Circular No. 1013/1/2016-CX dated 12.01.2016 by the Ministry of Finance, Government of India. This new system aims to streamline the refund process by directly transferring refund amounts to the assessee's bank account, reducing paperwork and eliminating the need for authorized persons to collect cheques in person. This measure addresses issues such as delays and errors associated with the manual cheque process, thereby facilitating trade and improving efficiency.
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