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Govt to speed up customs, duty drawback refunds for exporters
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SME Times News Bureau | 15 May, 2021
In an attempt to ensure liquidity for exporters in the
difficult period of Covid pandemic, the government has decided to credit
all customs refunds and duty drawback claims, made by them upto May 14,
by the end of the month.
The Central Board of Indirect Taxes and
Customs (CBIC) has launched a special refund and duty drawback between
May 15 and May 31. Under this drive, efforts will be made by customs
officials for priority disposal of all pending Customs refunds, IGST
refunds and Customs duty drawback claims pending as on May 14 this year.
In
an instructional circular issued to all Principal Chief Commissioners,
Chief Commissioners and Commissioners of Customs and Central taxes, the
CBIC has instructed officials to closely monitor performance of the
special refund and duty drawback drive on a daily basis and, wherever
required, suitably guide the officers concerned to maximise the
disposal.
"Further, it is important to coordinate this special
drive with the major trade and industry associations (especially those
that cater to exporters) for their assistance including submission of
required documents from their members (if a claim is pending for want
of a required document)," the CBIC has said in its instructional letter
to officials.
To ensure that the latest drive is a success, the CBIC has instructed officials to widely publicise the exercise.
It
has also told officials that though the decision to process pending
refund claims has been taken with a view to provide immediate relief to
the taxpayers, due diligence is to be done before granting the refunds
and drawback.
All the relevant legal provisions, notifications,
circulars and instructions must be followed while processing these
claims, it has said.
For facilitation of exporters, it has been
decided that all communication will be done over email, wherever email
id of the applicant is available.
It is urged that in these
difficult times all officers concerned make special efforts to liquidate
the pending refund, the CBIC letter mentions.
The CBIC had
launched special customs refund and duty drawback drive even last year
between April 8 and 30 for priority disposal of pending Customs refund,
IGST refund and Customs duty drawback claims.
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