OBC launches on-line collection of central excise duty

Public sector Oriental Bank of Commerce (OBC) has launched on-line collection of central excise duty and service tax and has made the facility available in all branches.

Public sector Oriental Bank of Commerce (OBC) has launched on-line collection of central excise duty and service tax and has made the facility available in all branches.

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The new facility, launched by the bank's CMD Alok Misra on Saturday will be available in all branches of the bank with effect from August 1, a release said.

"All customers having internet banking facility with the bank with transaction rights in any of the branches and are registered with Central Board of Excise and Customs by having an assessee number are eligible for making tax payments through this option," it said.

OBC, which has 1,410 branches, is already handling on-line collection of direct taxes.