News Details

Refund drive for exporters extended

 

Due to overwhelming response, the government’s second "Special Drive Refund Fortnight", from May 31, 2018 to June 14, 2018, has been extended by two days to June 2018.

 

During the first refund fortnight from March 15 to 29, an amount of Rs 5,350 crore was sanctioned and during this fortnight over Rs 7,500 crore has been sanctioned, highlighted a release.

 

All exporters whose refunds have been held up on account of short payment are required to make the payment of IGST equal to short payment and follow the instructions of Circular No.12/2018-Customs dated May 29, 2018.

 

In IGST short payment cases, small exporters whose aggregate IGST refund amount for the period July 2017 to March 2018 is up to Rs 10 lakh are required to submit self-certified copies of proof of payment of IGST to the concerned Customs office at the port of export. Others are required to submit a certificate from a Chartered Accountant, including the proof of payment.

 

All GST refund claimants, whose claims are still pending, are being encouraged to approach their jurisdictional tax authority for disposal of their refund claims submitted on or before April 30, 2018. In case the jurisdiction (i.e. Centre or state) has not been defined for a particular claimant, he/she can approach either of the jurisdictional tax authorities.

 

The refund application in FORM GST RFD-01A will not be processed unless a copy of the application, along with all supporting documents, is submitted to the jurisdictional tax office. Mere online submission is not sufficient.

 

All IGST refund claimants have to register on ICEGATE website, if not already done, to check their refund status. Customs field formations have been informed about the extension of the refund drive. Exporters have been requested to make the best of this extended drive and avail of the opportunity to get the refunds sanctioned during this period. In case of any problem, they have been advised to approach the Commissioner of Customs/jurisdictional tax authorities. The government is committed to clear all the remaining refund claims filed up to April 30, 2018, the release added.

 

Source: Exim News Service - New Delhi, June 13

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