Introduction of new facility for payment of refund amount directly to Importers Bank Accounts instead of by way of issuing of cheques reg.

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.... CRC IIA JNCH Date: 16.02.2010 FACILITY NOTICE NO. 16/2010 SUB: Introduction of new facility for payment of refund amount directly to Importers Bank Accounts instead of by way of issuing of cheques reg. Attention of all concerned is drawn to the Standing Order No. 01/2009 Dated 02/02/2009 and Public Notice No. 91/2009 Dated 30/11/2009 regarding procedure for payment of SAD refund amoun....

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.... month on average. Apart from this there are occasions where cheques are returned back by the postal authorities owing to the address being of importers godown or incomplete or changed. Also many a times there are cases of signature mismatch or human errors in writing of amount in words or figures or other particulars on the cheques. Further, the cheques exceeding certain value rquire verification....

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....ants make a specific request with necessary authorization. (iii) The claimants who desire to avail the facility shall provide an authorization in duplicate in the format annexed to this notice. (iv) Their shall be no change in the existing procedure till the refund is sanctioned and the Order-in-Original for refund is issued. However, under the new facility the Refund Orders woul....

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....gh NEFT/RTGS after deducting their service charge at the rate of 0.09% and NEFT/RTGS charges as per RBI guide lines and would intimate the importer concerned about the payment through e-mail. Presently the NEFT/RTGS service charges are- Rs. 5/- per transaction for an amount upto Rs. 1 lakh, Rs. 25/- per transaction for an amount above Rs. 1 lakh upto Rs. 5 lakhs and Rs. 50/- per transaction for an....