Request of Federation of Indian Chambers of Commerce and Industry (FICCI) for reduction of time period from 90 days to 30 days for settlement of rebate claims on exports – reg.
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Rebate claim settlement timeframe urged to be shortened, with prompt processing and monitoring to reduce delay and interest exposure. Field formations are directed to ensure rebate claims that are complete in all respects are disposed of within thirty days of receipt, except those requiring preaudit, which should be processed expeditiously; Chief Commissioners must put in place a monitoring mechanism to ensure compliance and to minimize delays that could lead to interest becoming payable under the statutory outer limit.
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Rebate claim settlement timeframe urged to be shortened, with prompt processing and monitoring to reduce delay and interest exposure.
Field formations are directed to ensure rebate claims that are complete in all respects are disposed of within thirty days of receipt, except those requiring preaudit, which should be processed expeditiously; Chief Commissioners must put in place a monitoring mechanism to ensure compliance and to minimize delays that could lead to interest becoming payable under the statutory outer limit.
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