Procedure for e-payment of refund/rebate for implementation

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ollow the manual handing-over/despatch of cheques for payment of refund/rebate. Consequent to the sanction of refund/rebate claims by the competent authority, cheques are being issued and the same are sent by either registered post or handed over to authorized persons. The present procedure entails paper work, manpower deployment by the claimants and delay in payment of refunds. 2. In order to speed up the transfer of the fund directly to the beneficiary's Bank Account after sanction of the refund/rebate claim and thereby promote ease of doing business, the Central Board of Excise & Customs, New Delhi vide Circular No.1013/1/2016-CX dated 12.01.2016 has prescribed a detailed procedure for e-payment of refund/rebate for implementation....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Sanctioned by authorities mentioned in corresponding Col.3 of the said TABLE. Sl. No. Cheque issuing authority Refund/ Rebate sanctioning authority Name of Bank 1. 2. 3. 4. 1 Deputy/Assistant Commissioner, Central Excise Division-I, Guwahati Deputy/Assistant Commissioner, Central Excise Division-I, Guwahati State Bank of India, Guwahati Branch, Pan Bazar, M.G. Road, District Kamrup, Guwahati 781 001. Deputy/Assistant Commissioner, Central Excise Division-II, Guwahati Deputy/Assistant Commissioner Service Tax Division Guwahati Deputy/Assistant Commissioner Customs Division Guwahati 2 Deputy/Assistant Commissioner, Central Excise & Service Tax Division, Tezpur Deputy/Assistant Commissione....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The said statement shall cover the details of all the refund/ rebate orders sanctioned till the date of forwarding of statement to the bank. d) Upon receipt of the statement signed and the cheque for the consolidated refund amount, the bank would credit the refund amounts to the respective accounts of the claimants through NEFT/RTGS after deducting the applicable NEFT/ RTGS charges as per RBI guidelines. The Deputy/Assistant Commissioners should ensure that there is no delay in the disbursal of the sanctioned amounts. III. PROCEDURE FOR RECONCILIATION a) A UTR (Unique Transaction Reference) is generated for each transfer of funds to the beneficiary's account by the bank. This UTR is a bank's acknowledgment....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e. (Authority: CBEC's Circular No.1013/1/2016-CX dated 12.01.2016) (Viney Kumar Paul) Commissioner ============= Document 1 To Annexure A AUTHORIZATION The Deputy/Assistant Commissioner, Madam/Sir, Subject: Authorisation for Refund /Rebate - reg. I/We authorize payment credit of sanctioned rebate /refund amount of Central Excise Service Tax for all my rebate/refund claims filed at your office directly to my bank account through RTGS/NEFT after deduction of applicable RTGS/NEFT charges, as per RBI guidelines. In case of any remittance made by mistake or duplicate, I/we undertake to re-credit the same to the department. I hereby declare following details for the purpose. 1. Name & Address ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rectly to the assessee's/ exporter's bank account through RTGS / NEFT - Regarding. Please find enclosed herewith a Cheque No. for an amount of ...... dated and a list of refund in favour of /rebate claims (in duplicate) sanctioned by the Refund sanctioning authority during the period from to the beneficiary (s), whose details are provided as under:- Name of Beneficiar IFSC Refund Sl. Beneficiar Remitter' Ref. no No y Name the Beneficiar y Bank Cod amount y Bank account No. e sanctione s Account No. No. d of the sanctio n order (1) (2) (3) (4) (5) (6) (7) (8) 2. Please remit the amount mentioned in Col. No. 6 of th....