General guidelines for implementation e-payment of refund/rebate

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....long, the 17th May, 2016 Trade Notice No. 04/2016 Subject: General guidelines for implementation e-payment of refund/rebate. The trade and ail concerned are informed that presently most of the field formations follow the Manual handing over/despatch of cheques for payment of refund/rebate /drawback claims. Consequent to the sanction of refund/rebate claims by the competent authority, cheques a....

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.... field formations: I. E-Payment through authorised banks (a) The payment under the system of electronic payment of refund/rebate amounts through RTGS/NEFT facility shall be made by the field formations through authorized banks. (b) As most of the field formations are maintaining current account with nearest Government business enabled branch of the State Bank of India, the e-payment proce....

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.... shall be retained by the department and one copy shah be sent to the bank with the first refund sanction 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 sanct....

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....aimants through NEFT/RTGS after deducting the applicable NEFT/RTGS charges as per RBI guidelines. Commissioners are expected to 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 acknow....