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....