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of <h1>New Measures to Combat Fraudulent ITC Claims by Exporters Using Fake Invoices; Data Analytics and AI Employed.</h1> The circular addresses fraudulent claims of Input Tax Credit (ITC) by exporters through fake invoices and outlines measures to mitigate such risks. The Central Board of Indirect Taxes and Customs has implemented stringent checks using data analytics and AI, with certain exporters flagged for further verification. Exporters whose refunds are withheld will be notified promptly and must submit required information to expedite verification within 14 working days. If delays occur, escalation procedures are in place. For unresolved refunds over a month, grievances can be registered online. The notice emphasizes minimizing hardship for genuine exporters while maintaining strict oversight.
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