TaxTMI 
TaxTMI 
General guidelines for implementation e-payment of refund/rebate
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....te /drawback claims. 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 the authorized persons. The present procedure entails paper work, manpower deployment by the claimants and delay in payment of refunds. In order to speed up the transfer of the fund directly to the beneficiary's bank account after sanction of the refund/rebate/drawback 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/drawback far implementation by all field formations. In compliance wit....
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....on order of the applicant. (b) The refund sanctioning authority would forward to the authorized bank at periodic intervals: (i) A signed statement (copy of sample format enclosed as Annexure-B) of sanctioned orders which inter alia contains details of the beneficiaries and the amounts sanctioned, (ii) A cheque in favour of the bank as mentioned above for all the consolidated refund/rebate amount, (iii) A soft copy of the above statement to the banks through e-mail. (c) The refund sanctioning authority shall ensure that at least one signed statement of sanctioned orders along with a cheque for the consolidated refund/rebate amount, in the prescribed format (Annexure-B) , is forwarded to the author....
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.... generate 'periodic scroll' containing the details of refund amount sanctioned to various claimants along with other details as necessary and send the same to the PAO concerned giving details of receipt of consolidated cheques and payments made by the bank. (d) The PAO shall reconcile the cheques issued by the field formations in respect of the rebate/refund with the periodic scroll sent to them by the bank and report discrepancy, if any, to the field formation concerned who, in turn, would verify the same and send compliance report to the PAO. (e) Difficulties, if any, in implementation of the above procedure may please be brought to the notice of this office. Sd/- (Bandhana Deori) Commissioner =======....
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.... Signatory) BANK VERIFICATION Certified that above details are tallied with bank record and found correct Note Signature. Name_ Seal of the Bank 1. In case the authorisation is signed by authorised signatory, the Bank Manager shall verify and confirm that said authorised signatory is indeed authorised by the firm/company to transact with the Bank. 2. All information detailed above shall be mandatorily filled/provided. .. : Document 2 Branch Manager, ..Bank OFFICE OF THE ASST./ DY, COMMISSIONER Dated Annexure B Sub: Payment of refund claims amount directly to the assessee's/exporter's bank account through RTGS/NEFT - Regarding. ae find enclosed herewith a Cheque No. .dated.. ......