Last year, the Council had allowed the exemptions till March 31. Exporters have to pay the tax upfront and also integrated GST (IGST) on inputs imported for exports. The Council has decided to restore pre-GST tax exemptions on these.
Additionally, for merchant exporters, a special payment scheme at the rate of 1 per cent of procured goods was introduced.
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Central Board of Excise and Customs Chairperson Vanaja N Sarna said exporters had made errors while filing refund claims. The payments solution the authorities are mulling is an e-wallet.
M S Mani, senior director with Deloitte India, said, “While exporters will be relieved that a six-month extension has been given, it is necessary to expedite the e-wallet system.”
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