Payment of rebate/refund claims directly to assessee/exporter bank accounts via RTGS/NEFT with bank certified authorisation required. Facility introduced for direct payment of sanctioned rebate/refund amounts to assessees'/exporters' bank accounts via RTGS/NEFT. Claimants must submit a one time bank certified authorization (Annexure A) with a cancelled cheque; subsequent claims may use a self attested copy. Refund sanctioning authorities forward an Annexure B list, a consolidated cheque, original authorisations and a soft copy to the designated bank, which will credit beneficiary accounts after deducting applicable NEFT/RTGS charges per RBI guidelines.
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.
Payment of rebate/refund claims directly to assessee/exporter bank accounts via RTGS/NEFT with bank certified authorisation required.
Facility introduced for direct payment of sanctioned rebate/refund amounts to assessees'/exporters' bank accounts via RTGS/NEFT. Claimants must submit a one time bank certified authorization (Annexure A) with a cancelled cheque; subsequent claims may use a self attested copy. Refund sanctioning authorities forward an Annexure B list, a consolidated cheque, original authorisations and a soft copy to the designated bank, which will credit beneficiary accounts after deducting applicable NEFT/RTGS charges per RBI guidelines.
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