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TMI BlogStandard Operating Procedure (SOP) to be followed by exportersX X X X Extracts X X X X X X X X Extracts X X X X ..... ed in past few months. On verification, several such exporters were found to be non-existent in a number of cases. In all these cases it has been found that the Input Tax Credit (ITC) was taken by the exporters on the basis of fake invoices and IGST on exports was paid using such ITC. 2. To mitigate the risk, the Board has taken measures to apply stringent risk parameters-based checks driven by rigorous data analytics and Artificial Intelligence tools based on which certain exporters are taken up for further verification. Overall, in a broader time frame the percentage of such exporters selected for verification is a small fraction of the total number of exporters claiming refunds. The refund scrolls in such cases are kept in abeyance till ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o the Jurisdictional Pr. Chief Commissioner/Chief Commissioner of Central Tax by sending an email to the Chief Commissioner concerned (email IDs of jurisdictional Chief Commissioners are in Annexure B). 3.3 The Jurisdictional Pr. Chief Commissioner/Chief Commissioner of Central Tax should take appropriate action to get the verification completed within next 7 working days. 4. In case, any refund remains pending for more than one month, the exporter may register his grievance at www.cbic.gov.in/issue by giving all relevant details like GSTIN, IEC, Shipping Bill No., Port of Export & CGST formation where the details in prescribed format had been submitted etc.. All such grievances shall be examined by a Committee headed by Member GST, CBIC ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es No of E way Bill generated HSNs Taxable Amount 1 Inward 2 Outward II. Financial Data 1. Bank Account details including the bank accounts of proprietor/partner/directors- S. No. Account Number IFSC Code Account Type Name of Account Holder PAN of Account Holder Date of opening of Bank Account 2. Bank Account statement of past 6 months in respect of the bank accounts provided above. 3. BRCs/FIRCs evidencing receipt of foreign remittances against the exports made in past 1 year. 4. Bank letter for up to date KYC of all bank accounts provided above. 5. Top 5 creditors and Debtors (with GSTIN) from account(s) where refunds are proposed to be received and from which major business transactions (payments for ..... X X X X Extracts X X X X X X X X Extracts X X X X
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