TMI BlogDirect credit of Refund/ Rebate to the Exporters’ credit by way of Electronic payment under RTGS/ NEFT facility-reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... ing return of cheques due to incomplete address and other clerical errors, leading to considerable delay in realisation of the refund/rebate amounts by the claimants. 2. In order to alleviate these problems, it has been decided to introduce Electronic payment/remittance of sanctioned rebate/refund amounts known as RTGS/NEFT facility offered by State Bank of India, mandatorily for every refund/rebate claim, for crediting the sanctioned refund/rebate claim amounts directly to claimant s account with effect from 01.01.2013. 3. For this purpose, the following procedure is prescribed. (i) For all fresh claims of refund/rebate received after 01.01.2013, the claimants shall provide One Time Authorisation with claim of refund/rebate fil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t of refund under the system of Electronic payment of sanctioned rebate/refund amounts through RTGS/NEFT facility, through Authorised Branch of State Bank of India, Mumbai. For this purpose, the jurisdictional DC/AC shall submit a list of sanctioned refund claims in the form of Annexure B and an E.mail copy to the Bank along with a cheque for consolidated refund amount. The Bank after tallying all relevant details shall remit the sanctioned refund amounts to the respective beneficiaries mentioned in the Annexure B, out of the consolidated fund amount on the cheque. (iv) It is further clarified that bank may charge the refund claimant, the charges for remitting refund amount through RTGS/NEFT and refund claimant would get only the net amou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on a plain paper with your office address stamp on it or on a letter head of the firm AUTHORIZATION (Annexure-A) To, The Deputy / Assistant Commissioner, Division - I /II/III, Service Tax I, Mumbai. Sir, Subject:- Authorisation for Financial Year-2012-13 reg. I/We authorize payment/credit of sanctioned rebate/refund amount for Service Tax for all my rebate/refund claims filed during Financial year 2012-13 at your office through online (ACES) refund/rebate method, directly to my Bank account through RTGS/ NEFT after deduction of applicable RTGS/NEFT charges, as per RBI guidelines. In case of any remittance made by mistake or duplicated, I/we undertake to re-credit back to the Department. I hereby dec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s liable for any penal action or other consequences as may be prescribed in law or otherwise warranted. Place : Signature : Date : Name : Designation: [Proprietor/Partner/Director/Authorized Signatory. In case of Authorized Signatory, Authorization/Power of Attorney in favor of the Auth. Signatory to be submitted)] which would also be verified by the Bank. Enclosed: (1) Photocopy of cross cancelled blank Cheque- YES/ NO. (2) Authorization/POA in favor of Auth.signatory-YES/ NO. BANK VERIFICATION Certified that above details are tallied with Bank records and found correct. [In case the Authorisation is signed by Authorised Signatory, ben ..... X X X X Extracts X X X X X X X X Extracts X X X X
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