General guidelines for implementation e-payment of refund/rebate

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....ebate 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 with the facilitation issued vide the said Circular, the follow....

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....d 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 authorized bank in a given month. The said statement shall cover the details of all the refund/rebate orders sanctioned till the date....

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.... 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 ============= Document 1 To, The Deputy/Assistant Commissioner, Madam/Sir, AUTHORIZATION Annexure A Subject: Authorisation for Refund/Rebate - reg. I/We authorize payment/credit....

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....horised 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.. ..for an amount of to ..... and a list of refund/rebate claims (in duplicate) sanctioned by the undersigned in favour of the beneficiary(s), g the period from_ ose details are provided as under:- SI. 零 No. Beneficiary Name Name of the Beneficiary Bank Beneficiary Bank account No. IFSC Code No.....