Introduction of facility of payment of rebate / refund claims amount directly to the assessee's /exporters' Bank Account

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.... of facility of payment of rebate / refund claims amount directly to the assessee's /exporters' Bank Account Reg. The Department of Revenue, Central Board of Excise and Customs, has decided to utilise the facility of electronic payment through RTGC/NEFT in the authorized banks to facilitate speed up the transfer the fund directly to the beneficiaries. At present, consequent to sancti....

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....edure is prescribed for implementation of the above facility:- Procedure For all fresh claims filed on or after 10.02.2016 the claimants Shall provide one- time authorization in duplicate duly certified by the beneficiary bank in a prescribed format Annexure-A enclosed to this Trade Notice along with a cancelled cheque containing IFS Code. For all subsequent claims, the claimant shall produc....