Service tax refund electronic scheme: exporters may opt for ICES schedule-based refunds or document-based refunds. A new electronic refund scheme allows exporters to choose ICES-based refunds under a schedule of rates or document-based refunds via Central Excise/Service Tax. To use the ICES route exporters must register bank and central excise/service tax code details with Customs using Annexure A and declare the option on the electronic shipping bill; ICES will compute refunds by applying the schedule rate to FOB value with disbursement to the registered bank account via authorized branches or NEFT/RTGS. Amendments and tracking are available through ICES/ICEGATE.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Service tax refund electronic scheme: exporters may opt for ICES schedule-based refunds or document-based refunds.
A new electronic refund scheme allows exporters to choose ICES-based refunds under a schedule of rates or document-based refunds via Central Excise/Service Tax. To use the ICES route exporters must register bank and central excise/service tax code details with Customs using Annexure A and declare the option on the electronic shipping bill; ICES will compute refunds by applying the schedule rate to FOB value with disbursement to the registered bank account via authorized branches or NEFT/RTGS. Amendments and tracking are available through ICES/ICEGATE.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
