Payment of sanctioned Rebate/ Refund to the Service Provider/ Manufacturer under electronic clearing system through RTGS/NEFT facility - Instructions

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....TICE NO. 04/2014-ST Sub: Payment of sanctioned Rebate/ Refund to the Service Provider/ Manufacturer under electronic clearing system through RTGS/NEFT facility - Instructions - Reg. The present system of issuing account payee cheques to the refund/ rebate claimants under Service Tax and Central Excise on sanction is cumbersome and entails paper work. Besides monitoring of cheque returns owing to....

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....ase may be, for credit of the sanctioned amount. (ii) In cases of pending refund/ rebate claims where refund/ rebate has not been paid yet as well, the payment will/ should be effected through RTGS/ NEFT facility under Electronic Clearing System. For this purpose as well, the details of bank account/s of the claimant duly authenticated by the bank authorities should be furnished/ obtained. (ii....

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....t. (v) All the trade associations are requested to bring the contents of this Trade Notice to the attention of their members in particular and the trade in general. The hindi version follows RESHMA LAKHANI COMMISSIONER ============= Document 1 Annexure-A BANK ACCOUNT DETAILS OF THE ASSESSEE TO WHICH THE SANCTIONED REFUND/ REBATE AMOUNT IS TO BE DEPOSITED. 1. Applicant's firm details Add....