E-Payment of Refund/Rebate
IN order to speed up the transfer of the fund directly to the beneficiary's bank account after sanction of the refund/rebate claim and thereby promote ease of doing business, CBEC has prescribed the procedure for e-payment of refund/ rebate for implementation by all field formations:
I. E-PAYMENT THROUGH AUTHORIZED BANKS
a) The payment under the system of electronic payment of refund/ rebate amounts through RTGS/ NEFT facility shall be made by the field formations through authorized banks. More than one bank may also be authorized for e-payment.
b) The Commissioner concerned, after obtaining concurrence from the authorized bank(s) within the jurisdiction to provide for payment of refund/ rebate to assessees through RTGS/ NEFT facility, shall authorize the refund sanctioning authorities within their jurisdiction to make e-payment of refund/ rebate through such authorized banks only.
c) The banks may charge the refund claimant fee for remitting refund amount through RTGS/ NEFT as per RBI guidelines and the claimant would get only the net amount. This should be quantified and fixed in consultation with the authorized bank at the time of rolling out the scheme for payment to the claimant's account.
II. PROCEDURE FOR E-PAYMENT
a) While filing refund/ rebate claim for the first time, the claimants opting for this facility shall provide one-time authorization in duplicate, duly certified by the beneficiary bank in a prescribed format.
b) The refund sanctioning authority shall ensure that at least one signed statement of sanctioned orders along with a cheque for the consolidated refund/rebate amount, in the prescribed format, is forwarded to the authorized bank in a given month.
c) Upon receipt of the statement signed by the refund sanctioning authority and the cheque for the consolidated refund amount, the bank would credit the refund amounts to the respective accounts of the claimants through NEFT/RTGS after deducting the applicable NEFT/ RTGS charges as per RBI guidelines. Commissioners are expected to ensure that there is no delay in the disbursal of the sanctioned amounts.
These instructions shall be put in place by the field formations by 10.02.2016. The facility of e-payment of refunds/ rebate is already operational in certain Central Excise zones such as Mumbai-II, Hyderabad, Chandigarh and Chennai.
The field formations, for assistance, if any while complying with above directions may consult the above formations which have already implemented the e-payment facility.
Once the above refund/rebate system is settled with the bank, field formations concerned shall issue necessary trade notices for information to members of trade.
CBEC Circular No. 1013/1/2016-CX., Dated: January 12, 2016