Problems faced by exporters in availing refund of excess credit - regarding

Refund of accumulated CENVAT credit: harmonised nexus test and self certified procedure to expedite exporter refunds.

Refund of accumulated CENVAT credit to exporters must be assessed using the same broad nexus standard as for taking credit under the CENVAT Credit Rules: inputs and input services that, if absent, would adversely affect the quality or efficiency of the exported good or service qualify. A simplified self certification declaration listing export documents, supplier and tax payment details is required; authorised officers may grant refunds on basic verification, with larger claims needing Chartered Accountant certification. Past period credits may be refunded in subsequent quarters and incomplete invoices should be construed liberally where essential details and nexus are demonstrable.