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    <title>Refund/Rebate claim-Direct credit of Refund/ Rebate to Exporter&#039;s credit by way of Electronic payment under RTGS/ NEFT facility- Procedures</title>
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    <description>Direct electronic credit of sanctioned refund and rebate amounts to exporters&#039; 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.</description>
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    <pubDate>Mon, 24 Mar 2014 00:00:00 +0530</pubDate>
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      <description>Direct electronic credit of sanctioned refund and rebate amounts to exporters&#039; 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.</description>
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