General guidelines for implementation of e-payment of refund/rebate

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....er 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 those branches. In case any field formation is maintaining Government accoun....

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.... 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 date of forwarding of the statement to the bank. d) Upon receipt of the statement signed by the refund sanctioning authority an....

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....n 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. SRIVASTAVA) Commissioner ============= Document 1 To, The Deputy/Assistant Commissioner, Annexure A AUTHORIZATION Madam/Sir, Subject :- Authorization for Refund/Rebate....

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.... 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- Regarding. Please find enclosed herewith a Cheque No......... dated for an amount of Rs. to in favour of the and a list of refund/rebate claims (in duplicate) sanctioned by the undersigned during the period from beneficiary(s), whose details are provided as under:- SI. Beneficiary Name of the Benef....