TaxTMI 
TaxTMI 
General guidelines for implementation of e-payment of refund/rebate
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....he refund directly to the beneficiary s bank account after sanction of the refund claim and thereby promoting ease. of doing business, the following procedure for e-payment of refunds/ rebate is hereby prescribed for implementation by all the concerned field formations (in both SAD refund and other than SAD refund cases):- I. E-PAYMENT THROUGH AUTHORIZED BANKS a) The payment under the system of electronic payment of refund amounts through RTGS/ NEFT facility shall be made by the field formations through authorized banks. b) As most of the field formations are maintaining current account with nearest Government business enabled branch of the State Bank of India, the e-payment procedure may be implemented through th....
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....ntervals:- (i) A signed statement (copy of sample format enclosed as Annexure-B) of sanctioned orders which inter alia contains details of the beneficiaries and the amounts sanctioned. (ii) A cheque in favour of the bank as mentioned above for the consolidated refund/ rebate amount, (iii) A soft copy of the above statement to the banks through e-mail. c) The refund sanctioning authority shall ensure that at least One signed statement of sanctioned orders along with a cheque for the consolidated refund/ rebate amount, in the prescribed format (Annexure-B), is forwarded to the authorized bank in a given month. The said statement shall cover the details of all the refund/ rebate orders sanctioned till the da....
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....details of receipt of consolidated cheques and payments made by the bank. d) The PAO is requested to reconcile the cheques issued by the field formations in respect of the refund with the periodic scroll sent to them by the bank and report discrepancy, if any, to the field formation concerned who, in turn, would verify the same and send compliance report to the PAO. 4. For all pending claims, where refund orders have not been issued before the date of issue of this Public Notice, the claimants shall provide immediately the necessary authorization in duplicate duly certified by the beneficiary bank 5. Difficulty, if any, in implementation of the above procedure may be brought to the notice of the undersigned. (M.K. SRIVASTA....
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....Signatory) Enclosed: (1) Photocopy of a cancelled blank cheque. BANK VERIFICATION Certified that above details are tallied with bank record and found correct. Signature: Name :. Note : Seal of the Bank 1. In case the authorization is signed by authorized signatory, the Bank Manager shall verify and confirm the said authorized signatory is indeed authorized by the firm/company to transact with the Bank. 2. All information detailed above shall be mandatory filled/provided. Document 2 C.No. To, The Branch Manager, Sir, Bank. OFFICE OF THE ASST./DY. COMMISSIONER Date: Annexure B Sub.: Payment of Refund claim directly to the Assessee's/Exporter's bank account through RTGS/NEFT- Regard....