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=61443 The Bangalore V Central Excise Commissionerate introduced a facility effective 10.02.2016 for payment of sanctioned rebate/refund amounts directly to assessee/exporter bank accounts via RTGS/NEFT. Fresh claims require a one-time bank-certified authorization in duplicate and a cancelled cheque (Annexure A); pending claims must submit authorizations by 10.02.2016. Refund authorities will forward a signed beneficiary list (Annexure B), a consolidated cheque to the designated bank, original authorizations and a soft copy; the bank will credit individual accounts after deducting applicable NEFT/RTGS charges per RBI guidelines. en-us Wed, 10 Feb 2016 00:00:00 +0530 Tue, 11 Jun 2019 16:31:00 +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=61443 The Bangalore V Central Excise Commissionerate introduced a facility effective 10.02.2016 for payment of sanctioned rebate/refund amounts directly to assessee/exporter bank accounts via RTGS/NEFT. Fresh claims require a one-time bank-certified authorization in duplicate and a cancelled cheque (Annexure A); pending claims must submit authorizations by 10.02.2016. Refund authorities will forward a signed beneficiary list (Annexure B), a consolidated cheque to the designated bank, original authorizations and a soft copy; the bank will credit individual accounts after deducting applicable NEFT/RTGS charges per RBI guidelines. Circulars Central Excise Wed, 10 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61443