Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Govt Circular Expedites Service Exporter Refunds u/r 5 of CENVAT Credit Rules; Chartered Accountant Certificate Required.</h1> The circular issued by the Government of India's Ministry of Finance addresses the expedited processing of pending refund claims for service exporters under Rule 5 of the CENVAT Credit Rules, 2004. It specifies that the scheme applies to claims filed on or before March 31, 2015, and not yet resolved by November 10, 2015. The circular clarifies that a statutory auditor or chartered accountant must provide a certificate in a prescribed format for provisional payment of 80% of the claimed amount. The circular emphasizes that adherence to statutory and accounting standards should not lead to the rejection of claims and instructs officials to communicate this information to claimants and departmental officers.