TaxTMI 
TaxTMI 
Refund/Rebate claim-Direct credit of Refund/Rebate to Exporter's credit by way of Electronic payment under RTGS/ NEFT facility- Procedures
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....account payee cheques to the refund claimants is cumbersome and it also entails lot of paperwork, including return of cheques due to incomplete address and other clerical errors, leading to considerable delay in realization of the refund/rebate amounts by the claimants. 2. In order to alleviate these problems, it has been decided to introduce electronic payment/ remittance of sanctioned rebate/refund amounts known as RTGS (Real Time Gross Settlement)/NEFT (National Electronic Fund Transfer) facility offered by Bank of Baroda, for every refund/rebate claim, for crediting the sanctioned refund/rebate claim amounts directly to claimant's account with effect from 01-04-2014. For this purpose, the following procedure is pre....
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....so the payment will be made through RTGS/NEFT facility of Bank of Baroda. For this purpose, such authorization is to be obtained from such claimants by 31-03-2014. (iv) All the jurisdictional DC/AC/Maritime Commissioner are authorized to order for payment of refund under the system of electronic payment of sanctioned rebate/refund amounts through RTGS/NEFT facility, through authorized branch of Bank of Baroda, Ahmedabad. For this purpose, the jurisdictional DC/AC/ Maritime Commissioner shall submit a list of sanctioned refund claims in the form of Annexure B and an email copy to the bank along with a cheque for consolidated refund amount on the last working day of-the week for the claims sanctioned in that week. The Bank after tall....
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....case of any remittance made by mistake or duplicated, I/we undertake to re-credit back to the Department. I hereby declare following details for the purpose. Registration details Name 15 digit ECC Registration No. Constitution of business Proprietorship Partnership LLP Pvt. Ltd. Public Ltd. Other Applicant firm detail Address Telephone No. Mobile No. Email id Bank account details of the registered assessee to which sanctioned refund amount is to be deposited. Name of the Bank Branch Bank Account No IFCS Code Type of Bank Account Saving A/c Current A....
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....BAD-I. F.No............................... Ahmedabad, Dated:............................................ To, The Manager, Bank of Baroda, Usmanpura Branch, Ahmedabad. Please find enclosed herewith list of refund/rebate claims (in duplicate), sanctioned by the undersigned during the period from .............................to............................, in favour of the beneficiary, whose details are provided as under. 2. Please remit the amount mentioned in col. No. 6 of the Table below, through RTGS/NEFT by debiting our account No. mentioned below. 3. It is requested to recover RTGS/NEFT charges as per RBI guidelines, leviable on the said sanctioned amount and remit the balance amount to ....
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.... 6. It is requested to return the duplicate copy of Annexure B & B-1 duly certified by the Bank. It is requested to send e-mail to all the beneficiaries at their e-mail ID mentioned in col. No. 8, about the remittance made and a copy to this office at e-mail ID viz................................... (official e-mail ID). In case of non-remittance, please provide reasons for the same with further advice, if any. 7. I/We request you to make the above payment by RTGS/NEFT entirely at my/our risk and on my/our responsibility. Office seal. Signature with date Name : Designation:-AC/DC, Div., , Central Exci....
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....sp; FOR BENEFICIARIES HAVING BANK ACCOUNTS IN BANK OF BARODA. S.No. Beneficiary's Name Name and Branch of the Beneficiary Bank Beneficiary's bank account No. IFSC Code No. Sanctioned refund/ rebate amount (Rs.) Remitter's account No. Email ID of the Beneficiary/ claimant F.No. of the refund/ rebate claim RTGS/NEFT charges deducted by the Bank (Rs.) Balance amount remitted (Rs.) Remittance d....