Introduction of facility of e-payment of refund/rebate claims amount Directly to the Exporter’s Bank Account - Customs - PUBLIC NOTICE NO.12/2016

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE OFFICE OF THE PRINCIPAL COMMISSIONER OF CUSTOMS CUSTOM HOUSE, PORT AREA, VISAKHAPATNAM 530 035 F.NO.S5/07/2016-CASH Date: 04.07.2016 PUBLIC NOTICE NO.12/2016 TRADE FACILITY Sub: Introduction of facility of e-payment of refund/rebate claims amount Directly to the Exporter s Bank Account Reg. 1. Kind attention of all the Importers, Exporters, Customs Brokers and the Members of the Trade is invited to the Board s Circular No.1013/1/2016- CX, dated 12.01.2016 for e-payment of refund/rebate. In order to speed up the transfer of the fund directly to the beneficiary s bank account after sanction of the refund/rebate claim and to promote ease of doing business, the following procedure for e-payment of refund/rebate is hereby prescribed. I. e-PAYMENT THROUGH AUTHORISED BANKS i) For all fresh claims filed after 11.07.2016 the claimants shall provide one time authorization in duplicate (Annexure A) in the format annexed to this Trade Facility in original. ii) For all pending claims where refund/rebate orders have not been issued, the claimants shall provide necessary authorization by 15.07.2016. If the authorization is submitted [in original] with the fresh claims, a self attested copy of the authorization may be given. iii) Assistant/Deputy Commissioner of Customs would forward a statement [Annexure B] regularly to the State Bank of India, Port Branch, Visakhapatnam (Local point branch) a soft copy through e-mail and a hard copy under signature of the Assistant/Deputy Commissioner of Customs [Refund Sanctioning Authority], alongwith a cheque for the consolidated rebate / refund amount. A copy of the Authorization letter from the claimant will be retained by the rebate / refund section. iv) Upon receipt of the statement signed by the refund sanctioning authority and the cheque for the consolidated refund amount, the bank would credit the refund amounts to the respective accounts of the claimants through NEFT / RTGS after deducting the applicable NEFT / RTGS charges as per RBI guidelines. It shall be ensured that there is no delay in the disbursal of the sanctioned amounts. II.PROCEDURE FOR RECONCILIATION a. A UTR (Unique Transaction Reference) is generated for each transfer of funds to the beneficiary s account by the bank. This UTR is a bank s acknowledgement evidencing the transfer of the fund to the claimant s bank account. Concerned bank should submit a monthly report in the format (Annexure C) to the refund sanctioning authority. b. After transfer of the sanctioned rebate amount of the beneficiary s account, UTR s report received from the bank should be sent by the refund sanctioning authority to the PAO is [enclosed as Annexure-D]. 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 is requested to reconcile the cheques issued by the field formations in respect of the rebate / refund with the periodic scroll sent to them by the bank and report discrepancy, if any to the field formation concerned who, in turn, would verify the same and send compliance report to the PAO. e. Difficulty, if any, in implementation of the above procedure may please be brought to the notice of the concerned Deputy/Assistant Commissioners Custom House, Visakhapatnam for necessary action. -SD- (C.RAJENDIRAN) PRINCIPAL COMMISSIONE