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TMI BlogDirect credit of Refund/ Rebate to the Exporters’ credit by way of Electronic payment under RTGS/ NEFT facility-reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... mplete address and other clerical errors, leading to considerable delay in realisation 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/NEFT facility offered by State Bank of India, mandatorily for every refund/rebate claim, for crediting the sanctioned refund/rebate claim amounts directly to claimant's account with effect from 01.01.2013. 3. For this purpose, the following procedure is prescribed. (i) For all fresh claims of refund/rebate received after 01.01.2013, the claimants shall provide One Time Authorisation with claim of refund/rebate filed by the assessee (in duplicate), duly cer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ctioned rebate/refund amounts through RTGS/NEFT facility, through Authorised Branch of State Bank of India, Mumbai. For this purpose, the jurisdictional DC/AC shall submit a list of sanctioned refund claims in the form of Annexure B and an E.mail copy to the Bank along with a cheque for consolidated refund amount. 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. (iv) 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 shall issue the Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re-A) To, The Deputy / Assistant Commissioner, Division - I /II/III, Service Tax - I, Mumbai. Sir, Subject:- Authorisation for Financial Year-2012-13 -reg. I/We authorize payment/credit of sanctioned rebate/refund amount for Service Tax for all my rebate/refund claims filed during Financial year 2012-13 at your office through online (ACES) refund/rebate method, directly to my Bank account through RTGS/ NEFT after deduction of applicable RTGS/NEFT charges, as per RBI guidelines. In case of any remittance made by mistake or duplicated, I/we undertake to re-credit back to the Department. I hereby declare following details for the purpose. REGISTRATION DETAILS Name : M/s. ---------------------------------------------------------- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d found correct. [In case the Authorisation is signed by Authorised Signatory, beneficiary bank branch shall verify and confirm that said Authorised Signatory is also authorised by the firm/company to transact in the Bank.] Signature :- _______________________ Name :- _______________________ (of the beneficiary Bank Branch Manager along with Office seal) Note: - * All information shall be mandatorily filled/provided. Annexure B Annexure C Format of Authorization Register (To be maintained by the division office) FINANCIAL YEAR ---2012-13 1. Sr. No. , 2. Name of the refund claimant i.e. beneficiary, 3. S. Tax registration No., 4. Address, 5. Name and Branch of the beneficiary Bank, 6. Beneficiary's account no., 7. IFSC Co ..... X X X X Extracts X X X X X X X X Extracts X X X X
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