Introduction of facility of e-payment of refund/rebate claims amount Directly to the Exporter’s Bank Account

Introduction of facility of e-payment of refund/rebate claims amount Directly to the Exporter’s Bank Account https://www.taxtmi.com/circulars?id=62499 Introduction of an e-payment facility requires claimants to submit a one-time authorization for direct credit to the exporter's bank account; the refund sanctioning authority will forward consolidated statements and a cheque to the nominated bank, which will credit claimant accounts via NEFT/RTGS after applicable charges and retain authorization copies. Banks must generate UTRs for transfers, submit monthly UTR reports and periodic scrolls to the sanctioning authority and PAO, and the PAO must reconcile cheques with bank scrolls and report discrepancies for verification and compliance. en-us Mon, 04 Jul 2016 00:00:00 +0530 Tue, 17 Sep 2019 12:17:00 +0530 TaxTMI RSS Generator Introduction of facility of e-payment of refund/rebate claims amount Directly to the Exporter’s Bank Account https://www.taxtmi.com/circulars?id=62499 Introduction of an e-payment facility requires claimants to submit a one-time authorization for direct credit to the exporter's bank account; the refund sanctioning authority will forward consolidated statements and a cheque to the nominated bank, which will credit claimant accounts via NEFT/RTGS after applicable charges and retain authorization copies. Banks must generate UTRs for transfers, submit monthly UTR reports and periodic scrolls to the sanctioning authority and PAO, and the PAO must reconcile cheques with bank scrolls and report discrepancies for verification and compliance. Circulars Customs Mon, 04 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62499