Refund/Rebate claim-Direct credit of Refund/ Rebate to Exporter's credit by way of Electronic payment under RTGS/ NEFT facility- Procedures - Central Excise - TRADE NOTICE No:- 06/2014

OFFICE OF THE COMMISSIONER, CENTRAL EXCISE, AHMEDABAD-III 2 ND FLOOR, CUSTOM HOUSE, NAVRANGPURA, AHMEDABAD - 380 009. F. No. IV/ 16-103/MP/ 13-14 Date 24/03/2014 TRADE NOTICE No:- 06/2014 Subject:-Refund/Rebate claim-Direct credit of Refund/ Rebate to Exporter's credit by way of Electronic payment under RTGS/ NEFT facility- Procedures It has been brought to our notice that the present practice of issuing account payee cheques to the refund claimants is cumbersome and it also entails lot of paperwork, including return of cheques due to incomplete address and other clerical errors, leading to considerable delay in realization 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 (Real Time Gross. Settlement)/ NEFT ( National Electronic Fund Transfer) facility offered by Bank of Baroda, for every refund/ rebate claim, for crediting the sanctioned refund/ rebate claim amounts directly to claimant's account with effect from 01-04-2014. 3. For this purpose, the following procedure is prescribed:- (i) For all fresh claims of refund/ rebate received after 31-03-2014, the claimants shall provide One Time Authorization with claim of refund/ rebate filed by the assessee (in duplicate), duly certified by the beneficiary bank branch authorities, in the enclosed format as Annexure A, at the time of filing such, refund/ rebate claims, in favour of the Jurisdictional Divisional DC/ AC or Maritime Commissioner. For all subsequent refund/ rebate claims, the claimant shall submit self attested copy of the authorization already submitted to the Div. DC/ AC or Maritime Commissioner. The authorization shall be valid for one financial year and a fresh authorization shall be filed alongwith first refund claim filed in the subsequent financial year. (ii) Authorizations filed for each financial year shall be given a serial number and entered in an authorization register to be maintained by respective refund sanctioning authority. In case of any change in the details of authorization, new authorization, duly certified by the bank, shall be submitted by the assessee. The refund sanctioning authority shall ensure the correctness of the reference to earlier authorization and all details shall be incorporated in the authorization Register. Format of Authorization Register is enclosed as Annexure C. (iii) In case of pending refund/ rebate claims as on 31-03-2014, where refund/ rebate has not been sanctioned or if sanctioned, has not been paid to the claimant, in those cases also the payment will be made through RTGS/NEFT facility of Bank of Baroda. For this purpose, such authorization is to be obtained from such claimants by 31-03- 2014. (iv) All the jurisdictional DC/ AC/Maritime Commissioner are authorized to order for payment of refund under the system of electronic payment of sanctioned rebate/ refund amounts through RTGS/NEFT facility, through authorized branch of Bank of Baroda, Ahmedabad. For this purpose, the jurisdictional DC/AC/ Maritime Commissioner shall submit a list of sanctioned refund claims in the form of Annexure B and an email copy to the bank along with a cheque for consolidated refund amount on the last working day of the week for the claims sanctioned in that week. 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. (v) 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 amount. The jurisdictional divisional DC/AC/Maritime Commissioner shall issue the Refund Order after mentioning the payment/ remittance details i.e. UTR No. in the Refund / Rebate Order. (vi) All the Trade Associations are requested to bring the contents of this Trade Notice to the notice of their members in particular and the Trade in general. (UMA S ANKER) COMMISSIONER