Interim accounting arrangement for e-Payment collection-reg.

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....DE NOTICE NO. 05/2007-08 Subject:- Interim accounting arrangement for e-Payment collection-reg. All the members of trade and industry are informed that the Controller General of  Accounts, Central Board of Excise and Customs, has approved Allahabad Bank and Central Bank of India for the collection of indirect taxes through electronic mode. The following interim accounting arrangement fo....

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....ommissionerates that are  not covered for physical collection will be collated at a branch in Delhi ( Such CBS branch will be identified by each bank) for scrolling.  The branch so identified will prepare hard copies of challan ( 4 copies ).  The distribution and usage of stamped and receipted Challans is as under: Challan Copy To Whom Purpose/ Use One Concerned Pay &....

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....ans as above.     2.  The above proposed procedure will allow revenue reconciliation and bank reconciliation without any deviation from the existing procedure till the Electronic Accounting Solution is put in place and stabilized. 3.  All trade associations are requested to give wide publicity to the contents of  this Trade Notice amongst their members....