Introduction of facility of payment of rebate/refund claims amount Directly to the assessee /exporters' Bank Account

Introduction of facility of payment of rebate/refund claims amount Directly to the assessee /exporters' Bank Account https://www.taxtmi.com/circulars?id=61442 A facility to pay rebate and refund claims directly to the assessee's/exporter's bank account by electronic transfer is prescribed. Claimants must submit a one-time bank-certified authorization with a cancelled cheque for fresh claims, and provide copies for subsequent or pending claims. Refund sanctioning authorities will forward a signed beneficiary list, consolidated cheque, original authorizations, and a soft copy to the designated bank, which will credit claimant accounts via RTGS/NEFT after deducting applicable bank charges under Reserve Bank guidelines. en-us Mon, 01 Feb 2016 00:00:00 +0530 Tue, 11 Jun 2019 16:05:00 +0530 TaxTMI RSS Generator Introduction of facility of payment of rebate/refund claims amount Directly to the assessee /exporters' Bank Account https://www.taxtmi.com/circulars?id=61442 A facility to pay rebate and refund claims directly to the assessee's/exporter's bank account by electronic transfer is prescribed. Claimants must submit a one-time bank-certified authorization with a cancelled cheque for fresh claims, and provide copies for subsequent or pending claims. Refund sanctioning authorities will forward a signed beneficiary list, consolidated cheque, original authorizations, and a soft copy to the designated bank, which will credit claimant accounts via RTGS/NEFT after deducting applicable bank charges under Reserve Bank guidelines. Circulars Central Excise Mon, 01 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61442