Introduction of facility of payment of rebate/refund claims amount Directly to the assessee /exporters' Bank Account - Central Excise - TRADE NOTICE: 01/2016

GOVERNMENT OF INDIA, MINISTRY OF FINANCE, DEPARTMENT OF REVENUE OFFICE OF THE PRINCIPAL COMMISSIONER OF CENTRAL EXCISE BANGALORE - 1 COMMISSIONERATE, C R BUILDING PB 5400 : QUEEN'S ROAD BANGALORE 560001 C. No. IV/06/01/2016/Tech-BI Date: 01.02.2016 TRADE NOTICE: 01/2016 SUB: Introduction of facility of payment of rebate/refund claims amount Directly to the assessee /exporters' Bank Account-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 and acknowledgement is obtained. 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/exporter's bank account is being introduced for all refunds /rebates sanctioned by the Competent Authorities of Bangalore I Central Excise Commissionerate , Bangalore from 10.02.2016 onwards. 2. The following procedure is prescribed for implementation of the above facility' PROCEDURE i. For all fresh claims filed on or after 10.02.2016, the claimants shall provide one time authorization in duplicate duly certified by the beneficiary bank in the format Annexure A enclosed to this Trade Notice along with a cancelled cheque containing IFS code. For all subsequent claims, the claimant shall produce a self attested copy of the authorization already submitted to the refund sanctioned authority. ii For all pending claims, where refund orders have not been issued before 10.02.2016, the claimants shall provide the necessary authorization in duplicate duly certified by the beneficiary bank on or before 10.02.2016. iii All the refund sanctioned authorities are authorized to order for payment of refund under the system of Electronic payment of rebate/refund amounts through RTGS/NEFT facility, through Authorized Banks as detailed below:- SI, No Designation of the Refund sanctioning authority Name of the bank. 1 Deputy/Astt. Commissioners of all Divisions i.e Attibele, Hebbagodi, Jigani, Koramangala and Marathahalli Divisions, Kendri asadan Koraman ala Bangalore Canara Bank, Cantonment Branch, M.G. Road, Bangalore iv. The refund sanctioning authority would forward to the above banks at regular intervals, (i) Signed statement in format Annexure B enclosed to this Trade Notice containing the list of beneficiaries (ii) A cheque in favour of the Bank as mentioned above for the consolidated refund amount (iii) Authorization letter in original received from the claimant and (iv) Soft copy of the above statement to the banks through e-mail. v. Duplicate copy of the authorization letter from the claimant will be retained by the respective refund sanctioning authorities. vi. It is clarified that the banks may charge the refund claimant charges for remitting refund amount through RTGS/NEFT as per the Guidelines of the Reserve Bank of India and the claimant would get only the net amount. vii. Upon receipt of the statement signed by refund sanctioning authorities and the cheque for the consolidated refund amount, the bank would credit the refund amount to the respective accounts of the claimants through NEFT/RTGS after deducting the applicable NEFT/TRGS charges as per RBI guidelines, 3. In case of any difficulty, the claimant may contact their jurisdictional Deputy/Astt. Commissioner. 4. The contents of this Trade Notice may be brought to the notice of all the members of trade, exporters and other stakeholders. (M. VINOD KUMAR) PRINCIPAL COMMISSIONER