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of <h1>CBIC Extends SB005 Mechanism for IGST Export Refunds; New Facility for Invoice Mismatch Rectification in ICES System.</h1> The circular addresses the extension of the SB005 alternate mechanism for IGST export refunds and revised processing for certain cases, including compensation cess disbursal. The Central Board of Indirect Taxes and Customs (CBIC) has extended the rectification facility for invoice mismatches in Shipping Bills filed up to November 15, 2018. This extension aims to assist exporters who have faced refund issues due to errors. A new facility in the ICES system allows for processing differential IGST refunds, requiring exporters to submit a Revised Refund Request. The circular emphasizes the importance of accurate filing and encourages exporters to rectify errors promptly.
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