Payment of sanctioned Rebate/ Refund to the Service Provider/ Manufacturer under electronic clearing system through RTGS/NEFT facility - Instructions

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..... /08/2014 - S.T Dated: - 29.07.2014 TRADE NOTICE NO. 04/2014-ST Sub: Payment of sanctioned Rebate/ Refund to the Service Provider/ Manufacturer under electronic clearing system through RTGS/NEFT facility - Instructions - Reg. The present system of issuing account payee cheques to the refund/ rebate claimants under Service Tax and Central Ex .....

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..... A, duly authenticated by the concerned bank authorities to the jurisdictional Assistant/ Deputy Commissioner of Central Excise as the case may be, for credit of the sanctioned amount. (ii) In cases of pending refund/ rebate claims where refund/ rebate has not been paid yet as well, the payment will/ should be effected through RTGS/ NEFT facility under Electronic Clearing System. For t .....

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..... ther clarified that the banks may load the beneficiaries, the service charges if any, for crediting the amount through RTGS/ NEFT from their respective sanctioned amount. (v) All the trade associations are requested to bring the contents of this Trade Notice to the attention of their members in particular and the trade in general. The hindi version follows .....

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