CBEC to hold camps from March 15 to fast-track GST refunds to exporters : Chairman CBEC

Posted by Daily Shipping Times on 13-03-2018        Tweet

NEW DELHI: To ease exporters' GST refund woes, Revenue Authorities will set up camps across the Country for a fortnight beginning March 15, CBEC Chairperson Vanaja Sarna said. The Central Board of Excise and Customs (CBEC) has already given refunds to the tune of Rs 50 billion but as much as 70 per cent of total refunds to exporters is still stuck even after eight months of GST roll out. Sarna said there are instances of exporters committing errors while filing refund claims and to help them, the department has started giving out refunds partially with manual intervention."Now to solve it completely we have instituted a special fortnight campaign, starting from March 15 which will go on till March 29.

There are going to be camps all over the Country so that all exporters can come with refund problem and they will be explained what their problem is, they will be asked to rectify it and then the process will completed and refund will be given."So we hope that by March 31 all pending refunds as far as exporters are concerned will be sorted out," Sarna said. The issue of refunds to exporters has been hanging fire for over five months now, with exporters complaining that delay in GST refunds has blocked their working capital.