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of <h1>Exporters Struggle with CENVAT Refunds; New Circular Suggests Liberal Nexus Interpretation and Faster Claim Processing.</h1> Exporters are facing difficulties in obtaining refunds for excess CENVAT credit due to procedural and legal challenges. The issues include stringent requirements for proving a direct nexus between input services and exported output, voluminous documentation, and unclear rules about refund eligibility for past credits. To address these, the circular advises a more liberal interpretation of the nexus requirement, encourages self-certification by exporters, and allows for refunds of past credits in subsequent quarters. It also calls for leniency in handling incomplete invoices. Authorities are instructed to expedite claims processing within 30 days to alleviate cash flow issues for exporters.
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