Refund/ Rebate claim- Direct credit of refund/ rebate to exporter's credit by way of electronic payment under RTGS/ NEFT facility-Procedures

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..... Date : 16-02-2016 CENTRAL EXCISE TRADE NOTICE NO. 01/2016 Sub: Refund/ Rebate claim- Direct credit of refund/ rebate to exporter's credit by way of electronic payment under RTGS/ NEFT facility-Procedures-Reg. Kind attention of the Trade and Public at large is drawn to the Circular No. C. Ex. dated 12-01-2016 issued from F. No. 201/0. .....

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..... 3. For this purpose, the following procedure is prescribed. (i) For all the fresh claims of refund/rebate received on or alter 22-02-2016, the claimants shall provide 'one time authorisation' duplicate duly certified by the beneficiary bank as in format 'Annexure-A'(Copy enclosed). (ii) The following officers, a. The Assistant Commis .....

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..... that week. The bank, after tallying all relevant details, shall remit the sanctioned refund amounts to the respective beneficiaries mentioned in the Annexure-B' after deducting the applicable NEED RTGS charges as per RBI Guidelines. (iii) In case of pending refund/rebate claims as on 22-02-2016, where refund/rebate has not been sanctioned or if sanctioned, has not been paid to the .....

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