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of <h1>Customs Directive: Export Refunds Now Processed Electronically via RTGS/NEFT, Replacing Cheques from November 1, 2013.</h1> The Office of the Commissioner of Customs, Central Excise, and Service Tax in Rajkot has issued a directive to streamline the refund and rebate process for exporters by mandating electronic payments via RTGS/NEFT through the State Bank of India, effective November 1, 2013. This replaces the cumbersome cheque system, reducing delays caused by clerical errors and incomplete addresses. Exporters must provide a One Time Authorization certified by their bank for each financial year, with a new authorization required for any changes. Pending claims as of October 31, 2013, will also be processed electronically. Associated bank charges will be deducted from the refund amount.
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