Speedy disbursal of pending refund claims of exporters of services under rule 5 of the CENVAT Credit Rules, 2004

Refund of CENVAT credit: provisional major portion paid promptly to service exporters under rule five, subject to verification.

Scheme for refund of accumulated CENVAT credit to exporters of services under rule 5: eligible pending claims filed by the cutoff date that are not finally adjudicated must be accompanied by an auditor's certificate and a claimant undertaking. Upon receipt, the jurisdictional Deputy/Assistant Commissioner will acknowledge and make a provisional payment of a substantial portion of the claim within five working days by a prescribed letter; this payment is administrative and subject to verification, potential show cause notices, recovery of inadmissible amounts, and monthly MIS reporting.