Introduction of facility of payment of rebate / refund claims amount directly to the assessee / exporter's Bank Account

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..... . 09/2015 Sub: Introduction of facility of payment of rebate / refund claims amount directly to the assessee / exporter's Bank Account - Reg. Consequent to sanction of rebate / refund claims by the compenent authority, cheques are being issued and the same are sent by Registered Post or handed over to the authorized person in person. The present procedure entails p .....

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..... fresh claims filed on or after 01.07.2015, the claimant 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 sanctioning authority .....

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..... Divisions. Indian Overseas Bank, Main Branch, No. 250, Rajendra Buildings, Jawaharlal Nehru Street, Puducherry - 605001. 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, .....

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..... efund amount to the respective accounts of the claimants through NEFT /RTGS after deducting the applicable NEFT / RTGS charges as per RBI guidelines. 3. In case of any difficulty, the claimant may contact the undersigned. 4. The contents of this Trade Notice may be brought to the notice of all members of trade, exporters and other stakeholders. .....

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