Rebate and refund amounts will be paid directly to assessees' bank accounts via NEFT/RTGS on submission of authorization. Facility permitting payment directly to assessee/exporter bank accounts for rebate/refund claims, replacing cheque issuance. Fresh claims filed on or after 01.06.2012 require a one time authorization in duplicate with a cancelled cheque showing IFSC; pending claims without orders must submit authorization immediately. Divisional sanctioning authorities will forward periodic statements and a consolidated cheque to the bank, which will credit individual accounts via NEFT/RTGS after deducting applicable charges per RBI guidelines. Divisional offices retain a copy of the authorization and claimants may contact jurisdictional officers for difficulties.
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.
Rebate and refund amounts will be paid directly to assessees' bank accounts via NEFT/RTGS on submission of authorization.
Facility permitting payment directly to assessee/exporter bank accounts for rebate/refund claims, replacing cheque issuance. Fresh claims filed on or after 01.06.2012 require a one time authorization in duplicate with a cancelled cheque showing IFSC; pending claims without orders must submit authorization immediately. Divisional sanctioning authorities will forward periodic statements and a consolidated cheque to the bank, which will credit individual accounts via NEFT/RTGS after deducting applicable charges per RBI guidelines. Divisional offices retain a copy of the authorization and claimants may contact jurisdictional officers for difficulties.
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