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of <h1>Indian Customs Introduces Electronic Refund Scheme for Service Tax to Exporters via ICES: Choose Rates or Document-Based.</h1> The circular from the Indian Customs outlines a new electronic refund scheme for Service Tax Refund (STR) to exporters through the Indian Customs EDI System (ICES). Exporters can choose between electronic refunds based on a 'schedule of rates' or document-based refunds through Central Excise/Service Tax formations. To participate, exporters must register their bank accounts and service tax codes with Customs. The refund amount will be credited directly to the exporter's bank account via NEFT/RTGS. The circular provides details on the registration process and necessary documentation, emphasizing the simplification and expediency of the refund process.
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