TaxTMI 
TaxTMI 
General guidelines for implementation of e-payment of refund/rebate
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....ment of refund/rebate-Reg. 1. Attention of all the Importers, Customs Brokers and the Members of the Trade is invited to the Board's Circular No.1013/1/2016-CX dated 12.01.2016 on the above subject regarding the procedure for payment of refund. 2. In order to speed up the transfer of the refund directly to the beneficiary s bank account after sanction of the refund claim and thereby promot....
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....than one bank may also be authorized for e-payment. c) The jurisdictional Assistant/ Deputy Commissioner of Customs, after obtaining concurrence from the authorized bank(s) within the jurisdiction of the Commissionerate to provide for payment of refund to assessees through RTGS/NEFT facility, shall authorize the refund sanctioning authorities within the jurisdiction of Customs (Preventive), Jam....
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....sanctioning authority would forward the following documents to the authorized bank at periodic intervals:- (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 sof....
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....puty Commissioners in-charge are expected to ensure that there is no delay in the disbursal of the sanctioned amounts. III. PROCEDURE FOR RECONCILIATION a) A UTR (Unique Transaction Reference) is generated for each transfer of funds to the beneficiary's account by the bank. This UTR is a bank's acknowledgement evidencing the transfer of the fund to the claimant's bank account and....