9911796707
TMI BlogIGST Export Refunds — extension in SB005 alternate mechanism and revised processing in certain cases including disbursal of compensation CessX X X X Extracts X X X X X X X X Extracts X X X X ..... isbursal of compensation Cess - reg. Attention of all Importers, Exporters, Customs Brokers, Members of the Trade and Industry and other stakeholders is invited towards CBIC Circular No. Circular No. 40/2018-custom dated 24.10.2018 issued through F. No: 450/119/2017-cus-IV regarding IGST Export Refunds - extension in SB005 alternate mechanism and revised processing in certain cases including disbursal of compensation Cess. 2. Exporters are availing the refunds of IGST paid on exports regularly for more than a year now. It has been observed that exporters have committed many errors which have hampered sanctioning of IGST refund. CBIC has introduced several options and alternative mechanisms through which various ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ; are already being handled through officer interface as per Board's Circular 08/2018 - Customs dated 23.03.2018. However, no such provision was hitherto available in respect of those SBS which were successfully scrolled, albeit with a lesser than eligible amount. 5. CBIC has been receiving representations where the refund scroll has been generated for a much lesser IGST amount than what has actually been paid against the exported goods. Broadly, this has happened due to: a. Error made by the exporter/CHA in declaring the IGST paid amount in SB or, b. Cases where Compensation Cess paid amount was not entered by the exporter in the SB along with the IGST paid amount or the same details were not tr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eration for the differential amount only. 8. It may be noted that only those SBS which have already been scrolled shall be available in this facility. Further, this facility can be used only once for each eligible SB to sanction the revised IGST amount. Thus, utmost care may be taken by the exporter while submitting the RRR as well as the sanctioning officer while sanctioning the revised amount as no further provision will be available for revising the refund sanction again. 9. With this facility, it is hoped that the eligible exporters will come forward for rectification of the mistakes to enable sanction of balance refund amount. All the Trade Associations, Chamber of Commerce and Industry and Customs Broker As ..... X X X X Extracts X X X X X X X X Extracts X X X X
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