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TMI BlogSimplified procedure for sanction of refund of unutilised credit/rebate claims in cases of exportX X X X Extracts X X X X X X X X Extracts X X X X ..... ners of Customs and Central Excise All Commissioners of Central Excise All Commissioners of Central Excise (Appeals) webmaster@cbec.gov.in Subject: Simplified procedure for sanction of refund of unutilised credit/rebate claims in cases of export. Sir/Madam, It may be recalled that notification no. 11/2002 Central Excise (NT) dated 1st March, 2002 was issued under Rule 5 of the CENVAT C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... artment of Revenue should draw up a scheme to provide for making adhoc interim refunds, say 80 percent of the amount due, based on the refund/rebate claims filed by the exporters, subject to firm settlement within a short time frame from the date of filing such claims. Accepting the recommendations, the Board has decided that the following simplified procedure for sanction of refund of unutilised ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... odical return, which ever is later, provided all the documents filed along with the claim are, prima-facie, found to be in order. In case of refund of unutilised credit under rule 5 of the CENVAT Credit Rules, 2004, 80% of the refund amount will be sanctioned within 15 days of filing of the claim, provided the requirements of Notification no. 5/2006 C.E.(NT) dated 14.3.2006 are complied with. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... All exporters who have an export turnover of Rs. 5 crores in the current year or the preceding financial year. (b) Public Sector Undertakings including PSUs of the State Government. (c) Star Export Houses as specified under Chapter 3.5 of the Foreign Trade Policy, 2004-2009. (d) Manufacturer-exporters registered with Central Excise who have been exporting during the previous two financial yea ..... X X X X Extracts X X X X X X X X Extracts X X X X
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