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TMI BlogIntroduction of new facility for payment of refund amount directly to Importers Bank Accounts instead of by way of issuing of cheques reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... for payment of SAD refund amount in pursuance of Notification No.102/2007 Customs dated 14.09.2008. As per existing procedure, once the refund is sanctioned by the Astt./Dy. Commissioner and the Order-in-Original is issued, the T.A./S.T.A. prepares the R.O.(Refund Order) in the prescribed format and submits it to the A.O./Supdt. for signature. Thereafter, the R.O.s is handed over to the applicant or his authorized person or is dispatched by Speed Post. The applicant puts his signature on the R.O. on a revenue stamp as a token of pre-receipt of the refund amount and gets his signature attested from his banker. On presentation of R.O, for payment, the accounts deptt. prepares a cheque for the payment. 2. The present procedure of issuing of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n the existing procedure till the refund is sanctioned and the Order-in-Original for refund is issued. However, under the new facility the Refund Orders would bear a remark as For payment of refund amount to Importers Bank Account and it would not be handed over or dispatched to the applicant or his authorized person but would be forwarded to the Cash Accounts Branch alongwith the authorization letter from importer and the refund file. Cash Accounts Branch would verify that no payment has been made in the past, prepare a scroll of Refund Orders received on a particular day and forward the scroll to the State Bank of India, Nhava Sheva on the next working day, in a soft copy and a hard copy under signature of the CAO, along with a cheque ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an email to the concerned Assistant/Dy. Commissioner of Centralized Refund Cell CRC IIA (Email Id- [email protected]) or CRC IIB (Email Id- [email protected]) with a copy to the Commissioner (Import) (Email Id- [email protected]). 5. The optional facility for payment of refund amount directly to Bank Accounts instead of by cheques shall be available in other than SAD Refund cases also. 6. The contents of this Facility Notice may be brought to the notice of all the members of the trade, importers and their agents. (A. K. Das) Commissioner of Customs (Import) - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com ..... X X X X Extracts X X X X X X X X Extracts X X X X
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