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of <h1>Customs Board Urges Faster Processing of Refund Claims u/r 57(F)(3) to Ease Exporter Financial Strain.</h1> The circular from the Central Board of Excise & Customs addresses delays in finalizing refund claims under Rule 57(F)(3), which are causing financial blockages for exporters. The Board emphasizes the need for expeditious processing of these claims and mandates the submission of quarterly reports detailing pending refund claims. The reports should include information such as the name of the company, date of receipt of the refund claim, amount claimed, date and amount of sanction, current status, progress since the last quarter, and reasons for any delays. This initiative aims to ensure timely resolution and monitoring of refund claims.
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