General guidelines for implementation of e-payment of refund/rebate

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..... yment of refund/rebate-Reg. 1. Attention of all the Importers, Customs Brokers and the Members of the Trade is invited to the Board's Circular No.1013/1/2016-CX dated 12.01.2016 on the above subject regarding the procedure for payment of refund. 2. In order to speed up the transfer of the refund directly to the beneficiary s bank account after sanction of the refund claim and thereby promo .....

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..... than one bank may also be authorized for e-payment. c) The jurisdictional Assistant/ Deputy Commissioner of Customs, after obtaining concurrence from the authorized bank(s) within the jurisdiction of the Commissionerate to provide for payment of refund to assessees through RTGS/NEFT facility, shall authorize the refund sanctioning authorities within the jurisdiction of Customs (Preventive), Ja .....

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..... sanctioning authority would forward the following documents 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 so .....

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..... eputy Commissioners in-charge are expected to ensure that there is no delay in the disbursal of the sanctioned amounts. III. PROCEDURE FOR RECONCILIATION a) A UTR (Unique Transaction Reference) is generated for each transfer of funds to the beneficiary's account by the bank. This UTR is a bank's acknowledgement evidencing the transfer of the fund to the claimant's bank account an .....

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..... oncile the cheques issued by the field formations in respect of the refund with the periodic scroll sent to them by the bank and report discrepancy, if any, to the field formation concerned who, in turn, would verify the same and send compliance report to the PAO. 4. For all pending claims, where refund orders have not been issued before the date of issue of this Public Notice, the claimants sha .....

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