Introduction of facility of payment of rebate/refund claims amount Directly to the assessee /exporters' Bank Account

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..... IONERATE, TTMC, BMTC, OLD AIRPORT ROAD, DOMLUR, BENGALURU - 560 071 C. No. IV/16/26/2016 Tech B-V/940/16 Date: 10.02.2016 TRADE NOTICE No. 01/2016 SUB: Introduction of facility of payment of rebate/refund claims amount Directly to the assessee /exporters' Bank Account-Reg. Consequent to sanction of rebat .....

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..... of Bangalore V Central Excise Commissionerate , Bangalore from 10.02.2016 onwards. 2. The following procedure is prescribed for implementation of the above facility' PROCEDURE i. For all fresh claims filed on or after 10.02.2016, the claimants shall provide one time authorization in duplicate duly certified by the beneficiary bank in the format Anne .....

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..... t of rebate/refund amounts through RTGS/NEFT facility, through Authorized Banks as detailed below:- Sl. No Refund sanctioning authority Name of the bank. 1 Deputy/Astt. Commissioners of all Divisions i.e KR Puram Hoskote Division, No.7, Girls School Street, Shesh .....

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..... r from the claimant will be retained by the respective refund sanctioning authorities. vi. It is clarified that the banks may charge the refund claimant charges for remitting refund amount through RTGS/NEFT as per the Guidelines of the Reserve Bank of India and the claimant would get only the net amount. viii. Upon receipt of the statement signed by refund sanctioning a .....

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