Refund/Rebate claim-Direct credit of Refund/Rebate to Exporter's credit by way of Electronic payment under RTGS/ NEFT facility- Procedures

Refund/Rebate claim-Direct credit of Refund/Rebate to Exporter's credit by way of Electronic payment under RTGS/ NEFT facility- Procedures https://www.taxtmi.com/circulars?id=53850 Electronic payment of sanctioned rebate/refund amounts via RTGS/NEFT replaces cheque payments; claimants must submit a bank-certified One Time Authorization at filing (valid one financial year) which is recorded in an authorization register. Jurisdictional authorities will submit weekly Annexure B lists with a consolidated cheque to Bank of Baroda, which will verify details, deduct applicable RTGS/NEFT charges as per RBI guidelines, remit net amounts to beneficiaries, and return remittance particulars (including UTR) in Annexure B-1 for entry in the Refund/Rebate Order. en-us Tue, 08 Apr 2014 00:00:00 +0530 Wed, 12 Aug 2015 13:33:00 +0530 TaxTMI RSS Generator Refund/Rebate claim-Direct credit of Refund/Rebate to Exporter's credit by way of Electronic payment under RTGS/ NEFT facility- Procedures https://www.taxtmi.com/circulars?id=53850 Electronic payment of sanctioned rebate/refund amounts via RTGS/NEFT replaces cheque payments; claimants must submit a bank-certified One Time Authorization at filing (valid one financial year) which is recorded in an authorization register. Jurisdictional authorities will submit weekly Annexure B lists with a consolidated cheque to Bank of Baroda, which will verify details, deduct applicable RTGS/NEFT charges as per RBI guidelines, remit net amounts to beneficiaries, and return remittance particulars (including UTR) in Annexure B-1 for entry in the Refund/Rebate Order. Circulars Central Excise Tue, 08 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53850