Refund/Rebate payments via RTGS/NEFT mandated; claimants must submit one time bank authorization and expect bank charges. Direct electronic credit of sanctioned refund and rebate amounts to exporters' bank accounts by RTGS/NEFT replaces account payee cheques. Claimants filing fresh claims after 31 03 2014 must submit a One Time Authorization (Annexure A), certified by their bank and valid for one financial year; authorizations are serialised and entered in an Authorization Register (Annexure C). Jurisdictional sanctioning officers will submit weekly Annexure B lists with a consolidated cheque to Bank of Baroda, which will verify and remit net amounts to beneficiaries and report remittance details; UTR must be noted in the refund order.
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.
Refund/Rebate payments via RTGS/NEFT mandated; claimants must submit one time bank authorization and expect bank charges.
Direct electronic credit of sanctioned refund and rebate amounts to exporters' bank accounts by RTGS/NEFT replaces account payee cheques. Claimants filing fresh claims after 31 03 2014 must submit a One Time Authorization (Annexure A), certified by their bank and valid for one financial year; authorizations are serialised and entered in an Authorization Register (Annexure C). Jurisdictional sanctioning officers will submit weekly Annexure B lists with a consolidated cheque to Bank of Baroda, which will verify and remit net amounts to beneficiaries and report remittance details; UTR must be noted in the refund order.
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