Clarifications regarding Refunds of IGST paid on import in case of risky exporters

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..... Cus.TFC. PF-I Date: 21.08.2019 PUBLIC NOTICE NO. 22/2019-cus Subject:- Clarifications regarding Refunds of IGST paid on import in case of risky exporters - reg. Attention of all the Importers, Exporters, Customs Brokers, Steamer Agents, Custodians/ Customs Cargo Service Providers, Trade Associations / Chamber of Commerce, Members of the .....

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..... ent refund of IGST on the basis of ineligible or fraudulently availed input tax credit (ITC). While addressing the aforesaid issue and consequent risk to revenue, Board would not like to dilute the emphasis it laid on reduction in time and cost related with EXIM clearances. It is pertinent to mention that only a miniscule percentage of export consignments are being selected for examination on ac .....

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..... r down the percentage of physical examination. Suitable alerts based on re-evaluated risk may accordingly be inserted in the system by RMCC in such cases. 5. Action to be taken in terms of decisions taken in this Public Notice should be considered as Standing Order for the purpose of officers and staff. 6. Any difficulty, experienced in the implementation, may be brought to the .....

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