TMI BlogOriental Bank of Commerce authorised to collect Central Excise duties and Service Tax through E-PaymentX X X X Extracts X X X X X X X X Extracts X X X X ..... xcise, Service Tax and LTU Commissionerates. The RBI has issued necessary instructions to Oriental Bank of Commerce for taking up the duty collection work through e-Payment for all Central Excise, Service Tax and LTU Commissionerates without the restriction of Commissionerate-wise authorization vide letter No. DGBA.GAD.No.H-785/41.07.004/2009-10 dated 21-7-09 (copy enclosed). It is therefore, requested that necessary arrangements for issue of Trade Notice may please be made for the benefit of the assessees. Enclosure: RESERVE BANK OF INDIA www.rbi.org.in DGBA.GAD.No.H-/41.07.004/2009-10 July 21, 2009 The Chairman Managing Director Oriental Bank of Commerce Head Office Harsha Bhawan, E Block Connaught ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ax in respect of all Commissionerates. (iv) The above e-FPBs at Chennai and Mumbai will prepare one main/top scroll on a daily basis and will send to respective e-PAOs, CBEC Chennai and Mumbai respectively. This scroll will contain under it all Challans of e-Payments of Central Excise/Service Tax pertaining to all Commissionerates for which e-payment has been received in the bank on any given day. (v) It should be ensured that the Challans bunched under the Daily Main Scroll are placed in the same seriatim or order as they are mentioned on the Scroll. It should also be ensured that the Challans pertaining to the different Commissionerates are arranged under the main scroll in alphabetical order. This will facilitate ease of data entry o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of delayed period interest at the rate notified by RBI from time to time. (x) The bank should ensure that the instructions contained in the Revised Memorandum of Instructions for Collection and Accounting of Central Excise, Customs and other duties issued by the Reserve Bank of India may be complied with by their collecting branches. They should also follow all the guidelines and instructions issued by the RBI from time to time regarding collection and remittance of funds to RBI, CAS, Nagpur within the prescribed time limits, payment of interest on delayed period etc. 4. The above arrangements will be effective from 1st August, 2009. 5. You may, therefore, make necessary arrangement for taking up the duty collection work w.e.f. 1-8-2 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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