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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....E No:- 06/2014 Subject:-Refund/Rebate claim-Direct credit of Refund/ Rebate to Exporter's credit by way of Electronic payment under RTGS/ NEFT facility- Procedures It has been brought to our notice that the present practice of issuing account payee cheques to the refund claimants is cumbersome and it also entails lot of paperwork, including return of cheques due to incomplete address and ot....

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....ied by the beneficiary bank branch authorities, in the enclosed format as Annexure A, at the time of filing such, refund/ rebate claims, in favour of the Jurisdictional Divisional DC/ AC or Maritime Commissioner. For all subsequent refund/ rebate claims, the claimant shall submit self attested copy of the authorization already submitted to the Div. DC/ AC or Maritime Commissioner. The authorizatio....

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....not been sanctioned or if sanctioned, has not been paid to the claimant, in those cases also the payment will be made through 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 ....