CBEC member holds meeting with exporters on GST refunds

Posted by Daily Shipping Times on 26-03-2018        Tweet

NEW DELHI: At least ten export promotion councils and industry chambers recently discussed with the government solutions for expediting the process to clear pending dues to exporters on account of Goods and Services Tax (GST).

In a bid to expedite GST refund clearances to exporters, the Central Board of Excise and Customs (CBEC) took up issues like invoice mismatch and procedure to expedite shipments at Integrated Container Depots and asked the councils to share their issues.

“They want everyone to speak to members and know their issues,” said an industry representative who was present at the meeting. The Centre and States have sanctioned more than Rs 10,000 crore as GST refunds to exporters. Export promotion councils from engineering, chemical, pharmaceutical and leather sectors, among items took part in the meeting where initiatives under the ‘GST refund fortnight' were discussed.