Implementation of e-payment of refund/rebate of Central Excise and Service Tax - Central Excise - TRADE NOTICE NO. 01/2016-17

GOVERNMENT OF INDIA OFFICE OF THE PRINCIPAL COMMISSIONER CENTRAL EXCISE SERVICE TAX PATNA C.R. (ANNEXE) BUILDING, BIR CHAND PATEL MARG, PATNA-800001. C. No. IV(39)38//Tech/CCE/PAT/14/608-30 Dated: 07-04-2016 TRADE NOTICE NO. 01/2016-17 Attention of the trade is invited to Circular No. 1013/1/2016-CX Dated 12.01.2016 issued vide F. No. 201/05/2014-CX.6 by Government of India, Ministry of Finance, Department of Revenue, CBEC, New Delhi regarding Implementation of e-payment of refund/rebate of Central Excise and Service Tax. The contents of the aforesaid circular are reproduced below:- Sub : Implementation of e-payment of refund/rebate of Central Excise and Service Tax - Reg. Consequent to sanction of rebate/refund claims by the competent authority, cheques are being issued and the same are sent by Registered Post or handed over to the authorized person in person. The present procedure entails paper work and man power deployment by the claimants as authorized persons are required to visit the departmental offices for collection of refund cheques. There are also instances where cheques are returned due to incomplete address or change in address or some other clerical errors. All these lead to delay in realization of refund amounts by the claimants. Therefore, as a trade facilitation measure, the facility for payment of refund amount directly to assessee s bank account is being introduced by the Central Board of Excise: and Customs vide Circular No. 1013/1/2016-CX dated 12.01.2016 (issued in File C. No. 201/05/2014-CX.6) for all refunds / rebates. A copy of the Board's Circular No 1013/1/2016-CX dated 12.01.2016 is communicated herewith for the benefit of the Trade Industry for information and guidance. ( Issued in File C. No. IV(39)38/Tech/CCE/PAT/14/) Encl : As above. (Mohd. S.I Faisal) Joint Commissioner