9911796707
TMI BlogGeneral guidelines for implementation of e-payment of refund/ rebateX X X X Extracts X X X X X X X X Extracts X X X X ..... or implementation of e-payment of refund/ rebate-reg. Madam/Sir, Attention is invited to the procedure followed by the field formations for payment of refund/rebate. Presently, most of the field formations follow the manual handing over/ despatch of cheques for payment of refund/rebate. Consequent to the sanction of refund/ rebate claims by the competent authority, cheques are being issued and the same are sent by either registered post or handed over to authorized persons. The present procedure entails paper work, manpower deployment by the claimants and delay in payment of refunds. 2. 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 thereby promot ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e claim for the first time, the claimants opting for this facility shall provide one-time authorization in duplicate, duly certified by the beneficiary bank in a prescribed format (enclosed as Annexure-A). One copy shall be retained by the department and one copy shall be sent to the bank with the first refund sanction order of the applicant. b) The refund sanctioning authority would forward to the authorized bank at periodic intervals: i) a signed statement (copy of sample format enclosed as Annexure-B) of sanctioned orders which inter alia contains details of the beneficiaries and the amounts sanctioned, ii) a cheque in favour of the bank as mentioned above for the consolidated refund/rebate amount, iii) a soft copy of the above s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of cheques issued with date and amount. A sample copy of the enclosure to the letter to PAO is enclosed as Annexure-C. The format of Annexure-C, if needed, may be locally amended/ modified. 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 may be 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 con ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... C 3. Constitution of the business (Proprietorship/ partnership/ LLP/ Private Ltd/ Public Ltd/Other) 4. DETAILS OF APPLICANT Address Telephone/ Mobile No. Email ID 5. BANK ACCOUNT DETAILS OF THE REGISTERED ASSESSEE/EXPORTER TO WHICH SANCTIONED REFUND AMOUNTS IS TO BE DEPOSITED Name of the Bank Branch Bank Account No. IFS Code Type of Bank Account: Saving A/c Current Account I/We fully understand that any information furnished in the application if found incorrect or false will render my/us liable for any penal/ action or other consequences as may be prescribed in law or otherwise warranted. Place: Date: Signature …………………………………… ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iary Bank Beneficiary Bank Account No. IFSC Code No. Refund amount sanctioned Remitter's account No. Ref. no of the sanction order (1) (2) (3) (4) (5) (6) (7) (8) 2. Please remit the amount mentioned in Col. No. 6 of the table above through RTGS/NEFT by debiting our account no. mentioned above. 3. You may recover RTGS/NEFT charges as per RBI guidelines, leviable on the said sanctioned amount and remit the balance amount to the bank account of the beneficiary. 4. Essential details of the beneficiary have also been sent through my official e-mail account viz.__________ to your email account_________________. 5. It is requested to return the duplicate copy of Annexure B duly certified by the bank. In case of non-remittance, pl ..... X X X X Extracts X X X X X X X X Extracts X X X X
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