Don’t miss the latest developments in business and finance.

CBEC on faster refund to exporters

Image
BS Reporter New Delhi
Last Updated : Jan 20 2013 | 8:48 PM IST
 Field officers have also been instructed to take special efforts to dispose of refund claims of small and medium exporters on priority basis, CBEC said in a release.

 CBEC has also put in place a monitoring system to ensure timely payment of refund claims.

 Any refund claim which is not finalised within a period of 30 days from the date of filing is required to be reported by the Commissioner to the concerned 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.

 To give relief to exporters from rupee appreciation, government has notified refund of service tax paid on sixteen taxable services, use of which could be attributable to export goods, based on verifiable methods.

  

Also Read

First Published: Apr 17 2008 | 6:20 PM IST

Next Story