Payment of Refund/Rebate through e-payment
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....ly to the beneficiary's bank account through e-payment after sanction of the Refund/Rebate claims with effect from 10th February, 2016. 2. The procedure to provide the facility of e-payment of Refund/Rebate amounts is given as below; PROCEDURE FOR E-PAYMENT: (a) While filing Refund/Rebate claim for the first time, the claimants shall provide one-time authorization in duplicate, duly certified by the beneficiary bank in a prescribed format enclosed as Annexure-A. One copy shall be retained by the department and one copy shall 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 enclosed....
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....bank should be sent by the refund sanctioning authority to the PAO concerned at the end of each month enclosing the details of cheques issued with date and amount. A sample copy of the enclosure to the letter to PAO is enclosed as Annexure-C-l & C-ll. c) After transfer of the amounts to the claimants, the bank shall generate 'periodic scroll' containing the details of Rebate/Refund amount sanctioned to various claimants along with other details as necessary and send the same to the PAO , Central Excise, Bengaluru giving details of receipt of consolidated cheques and payments made by the bank. d) The PAO may be requested to reconcile the cheques issued by the field formations in respect of the Rebate/Refund with the periodic sc....
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....tral Excise, Kanakapura Division Phone:- 080 22100545, Fax:- 22100546 email:- [email protected] 3 Assistant Commissioner Central Excise, Rajajinagar Division Phone:-22222308, Fax:-22222314 Email:- [email protected] 4 Assistant Commissioner Central Excise, Jayanagar Division Phone:-22133511, Fax-22133512 Email:- [email protected] In case of any difficulty, the claimant may contact their jurisdictional Assistant Commissioner of Central Excise before whom the Refund/Rebate claims have been filed. The contents of this Trade Notice may be brought to the notice of all the members of trade, exporters and other stakeholders. (M.V.S. CHOUDHARY) COMMISSIONER ============= Document 1 To, AUTHO....
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.... record and found correct Note Signature. Name........ Seal of the Bank 1. In case the authorization is signed by authorized 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 filed/provided. Document 2 Annexure-B OFFICE OF THE ASST/DY COMMISSIONER C No. To Syndicate Bank, Service Branch (Focal Point Brach for Govt. Transactions) # 10/1, Sri Krishna Avenue, 2nd Floor, Avenue Road Entrance, Mysore Bank Circle, Bengaluru-560002 Sir, Dated_ Rs........ Sub: Payment of refund claims amount directly to the assessee's/exporter's bank account through RTGS/NEFT - Regarding. ....


TaxTMI
TaxTMI