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of <h1>FICCI urges faster export rebate claim settlements; CBEC instructs processing within 30 days, except for pre-audit cases.</h1> The Federation of Indian Chambers of Commerce and Industry (FICCI) has requested a reduction in the time period for settling export rebate claims from 90 days to 30 days. The Central Board of Excise and Customs has reviewed this request and noted that while the 90-day period is the maximum limit before interest is payable, claims can be processed sooner. Instructions have been issued to ensure rebate claims are settled within 30 days, except those needing pre-audit, which should also be expedited. Chief Commissioners are to establish a monitoring mechanism to implement these instructions.
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