Introduction of facility of payment of rebate / refund claims amount directly to the assessee / exporter's Bank Account

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.... deployment by the claimants as authorized persons are required to visit the departmental offices for collection of refund cheques. There are also instances where cheques are returned due to incomplete address or change in address or some other clerical errors. All these lead to delay in realization of refund amounts by the claimants. Therefore, as a trade facilitation measure, the facility for payment of refund amount directly to assessee's / exporter's bank account is being introduced for all refunds / rebates sanctioned by Puducherry Central Excise and Service Tax Commissionerate. 2. The following procedure is prescribed for implementation of the above facility:- Procedure For all fresh claims filed on or after 01.07.2015, t....

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....(iv) Soft copy of the above statement to the banks through e-mail. Duplicate copy of the authorization letter from the claimant will be retained by the respective refund sanctioning authorities. It is clarified that the banks may charge the refund claimant charges for remitting refund amount through RTGS / NEFT and the claimant would get only the net amount. Upon receipt of the statement signed by refund sanctioning authorities and the cheque for the consolidated refund amount, the bank would credit the refund amount to the respective accounts of the claimants through NEFT /RTGS after deducting the applicable NEFT / RTGS charges as per RBI guidelines. 3. In case of any difficulty, the claimant may contact the undersigned. 4. The co....

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....ietor Partner / Director / Authorized Signatory] Enclosed: (1) Photocopy of cancelled blank Cheque. BANK VERIFICATION Certified that above details are tallied with Bank records and found correct. Signature Name Seal of the Bank Note: 1. In case the authorisation is signed by authorised Signatory, the Bank Manager shall verify and confirm that said authorised Signatory is authorised by the firm/ company to transact with the Bank. 2. All information shall be mandatorily filled/provided. Document 2 C.No. To, The Branch Manager, Sir, Bank OFFICE OF THE ASST./ DY. COMMR Dated ANNEXURE-B Sub Payment of refund claims amount directly to the assessee's / exporter's Bank account through RTGS/NEFT - Regarding ******** Please find ....