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of <h1>CBIC Extends SB005 Mechanism for IGST Export Refunds; New ICES Facility for Differential Refunds Now Available.</h1> The circular addresses the extension of the SB005 alternate mechanism for IGST export refunds and revised processing for certain cases, including compensation cess disbursement. Exporters have faced issues with IGST refunds due to errors in matching Shipping Bill and GSTR 1 data. The CBIC has provided alternative mechanisms and extended the rectification facility for Shipping Bills filed until November 15, 2018. A new facility in ICES allows processing of differential IGST refunds for eligible cases. Exporters must submit a Revised Refund Request for the revised amount. This facility is available only once per eligible Shipping Bill, emphasizing accuracy in submissions.
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