Mandatory e-payment validation requirement centralises non financial checks at NSDL before secure bank payment, improving data integrity. Payment of Central Excise and Service Tax by larger assessees must be made via internet banking with all non financial validations (assessee code, location code, accounting codes) carried out on the NSDL portal before the taxpayer is forwarded via a secure link to the authorised bank's website for completion of the financial transaction; banks were directed by the Reserve Bank to test and go live, with fourteen banks already linked through NSDL.
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Provisions expressly mentioned in the judgment/order text.
Mandatory e-payment validation requirement centralises non financial checks at NSDL before secure bank payment, improving data integrity.
Payment of Central Excise and Service Tax by larger assessees must be made via internet banking with all non financial validations (assessee code, location code, accounting codes) carried out on the NSDL portal before the taxpayer is forwarded via a secure link to the authorised bank's website for completion of the financial transaction; banks were directed by the Reserve Bank to test and go live, with fourteen banks already linked through NSDL.
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