GST impact: Pile up of export goods weighs heavy on govt

Exporters have to furnish a bond or LUT for Customs officials to release export consignments

The government is moving fast on combating growing cases of export consignments stuck nationwide, owing to operational difficulties post the implementation of the goods and service tax (GST) regime.

Reports have poured in over the past few days of export consignments across the country remaining stuck at port or factory gates because of confusion among traders as well as tax authorities regarding treatment of exports under the GST.

Both the commerce department and the Central Board of Excise and Customs (CBEC), under the revenue department of the finance ministry, have met export bodies over the last two days and also