CBEC ISSUES INSTRUCTIONS FOR TIMELY PAYMENT OF REFUND CLAIMS TO EXPORTERS

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..... CBEC ISSUES INSTRUCTIONS FOR TIMELY PAYMENT OF REFUND CLAIMS TO EXPORTERS
News and Press Release
Dated:- 17-4-2008

Government of India has already notified refund of service tax paid on .....

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..... sixteen taxable services, whether or not input services, use of which could be attributable to export goods, based on verifiable methods. Central Board of Excise and Customs (CBEC) has issued instruc .....

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..... tions vide F.No.341/15/2007-TRU dated 17th April, 2008 to all field formations of CBEC to ensure timely and expeditious payment of refund claims to exporters. A monitoring system to ensure timely paym .....

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..... ent of refund claim has also been put in place. Any refund claim which is not finalized within a period of 30 days from the date of filing is required to be reported by the Commissioner to the conce .....

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..... rned Chief Commissioner and any refund claim which is not finalised within a period of 45 days, for whatsoever reasons, is required to be reported to the CBEC. Field officers have also been instructed .....

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..... to take special efforts to dispose of refund claims of small and medium exporters on priority basis.
News - Press release - PIB .....

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