TaxTMI 
TaxTMI 
Refund/Rebate claim-Direct credit of Refund/ Rebate to Exporter's credit by way of Electronic payment under RTGS/ NEFT facility- Procedures
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....mbersome and it also entails lot of paperwork, including return of cheques due to incomplete address and other clerical errors, leading to considerable delay in realization of the refund/ rebate amounts by the claimants. 2. In order to alleviate these problems, it has been decided to introduce electronic payment/ remittance of sanctioned rebate/ refund amounts known as RTGS (Real Time Gross. Settlement)/ NEFT ( National Electronic Fund Transfer) facility offered by Bank of Baroda, for every refund/ rebate claim, for crediting the sanctioned refund/ rebate claim amounts directly to claimant's account with effect from 01-04-2014. 3. For this purpose, the following procedure is prescribed:- (i) For all fresh claims of refund....
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....gh RTGS/NEFT facility of Bank of Baroda. For this purpose, such authorization is to be obtained from such claimants by 31-03- 2014. (iv) All the jurisdictional DC/ AC/Maritime Commissioner are authorized to order for payment of refund under the system of electronic payment of sanctioned rebate/ refund amounts through RTGS/NEFT facility, through authorized branch of Bank of Baroda, Ahmedabad. For this purpose, the jurisdictional DC/AC/ Maritime Commissioner shall submit a list of sanctioned refund claims in the form of Annexure B and an email copy to the bank along with a cheque for consolidated refund amount on the last working day of the week for the claims sanctioned in that week. The Bank after tallying all relevant details shal....
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....lines. In case of any remittance made by mistake or duplicated, I/we undertake to re-credit back to the Department. I hereby declare following details for the purpose. Registration details Name 15 digit ECC Registration No. Constitution of Proprietorship Partnership LLP business Pvt. Ltd. Public Ltd. Other Applicant firm detail Address Telephone No. Email id Mobile No. Bank account details of the registered assessee to which sanctioned refund amount is to be deposited. Name of the Bank Branch Bank Account No IFCS Code Type of Bank Account Saving A/c Current A/c Document 2 I/We fully understand that any information furnished in the application if found i....
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....d in col. No. 6 of the Table below, through RTGS/NEFT by debiting our account No. mentioned below. 3. It is requested to recover RTGS/NEFT charges as per RBI guidelines, leviable on the said sanctioned amount and remit the balance amount to the bank account of the beneficiary. FOR BENEFICIARIES HAVING BANK ACCOUNTS IN OTHER THAN BANK OF BARODA. S. Beneficiary's No. Name Name and Benefi- IFSC Branch of the ciary's Code Beneficiary No. Bank bank account No. Sanctioned refund/rebate amount (Rs.) No. Remitter's account E.mail ID of the F. No. of the beneficiary/claimant refund/rebate claim COL NO. 1 TO 9 TO BE FILLED IN BY THE DIVISIONAL DC/AC WHILE SUBMITTING TO BANK. 1....