TMI BlogGeneral guidelines for implementation of e-payment of refund/ rebateX X X X Extracts X X X X X X X X Extracts X X X X ..... ventive) (All) Sub: General guidelines for implementation of e-payment of refund/ rebate-reg. Madam/Sir, Attention is invited to the procedure followed by the field formations for payment of refund/rebate. Presently, most of the field formations follow the manual handing over/ despatch of cheques for payment of refund/rebate. Consequent to the sanction of refund/ rebate claims by the competent authority, cheques are being issued and the same are sent by either registered post or handed over to authorized persons. The present procedure entails paper work, manpower deployment by the claimants and delay in payment of refunds. 2. In order to speed up the transfer of the fund directly to the beneficiary's bank account after san ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... II. PROCEDURE FOR E-PAYMENT a) While filing refund/ rebate claim for the first time, the claimants opting for this facility shall provide one-time authorization in duplicate, duly certified by the beneficiary bank in a prescribed format (enclosed as Annexure-A ). One copy shall be retained by the department and one copy shall be sent to the bank with the first refund sanction order of the applicant. b) The refund sanctioning authority would forward 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ioning authority to the PAO concerned at the end of each month enclosing the details of cheques issued with date and amount. A sample copy of the enclosure to the letter to PAO is enclosed as Annexure-C . The format of Annexure-C, if needed, may be locally amended/ modified. c) After transfer of the amounts to the claimants, the bank shall generate 'periodic scroll' containing the details of refund amount sanctioned to various claimants along with other details as necessary and send the same to the PAO concerned giving details of receipt of consolidated cheques and payments made by the bank. d) The PAO may be requested to reconcile the cheques issued by the field formations in respect of the rebate/ refund with the periodic s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o the department. I hereby declare following details for the purpose. 1. NAME ADDRESS 2. 15 Digit CEX/ ST Registration No./ IEC 3. Constitution of the business (Proprietorship/ partnership/ LLP/ Private Ltd/ Public Ltd/Other) 4. DETAILS OF APPLICANT Address Telephone/ Mobile No. Email ID 5. BANK ACCOUNT DETAILS OF THE REGISTERED ASSESSEE/EXPORTER TO WHICH SANCTIONED REFUND AMOUNTS IS TO BE DEPOSITED ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rewith a Cheque No. dated for an amount of Rs and a list of refund/rebate claim (in duplicate) sanctioned by the undersigned during the period form_________________ to _____________________ in favour of the beneficiary(s), whose details are provided as under:- SI. No. Beneficiary Name Name of the Beneficiary Bank Beneficiary Bank Account No. IFSC Code No. Refund amount sanctioned Remitter s account No. Ref. no of the sanction order (1) (2) (3) (4) (5) (6) (7) (8) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Week Ending 3 RTGS/NEFT, Bank Branch 4 -do- 5 -do- 6 -do- 7 -do- TOTAL Week Ending 8 RTGS/NEFT, Bank Branch 9 -do- TOTAL ..... X X X X Extracts X X X X X X X X Extracts X X X X
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