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The Central Board of Excise and Customs (CBEC) has denied the report that the Customs, Excise Duty and Service Tax refunds/drawbacks are being held-up by the Department. This was mentioned in a certain section of media attributing to a statement by President, Federation of India Export Organisations (FIEO) to the effect that Customs, Excise Duty and Service Tax refunds/drawbacks are being held-up by the Department.
This is not correct. The following statement will indicate that more amounts have been refunded in 2013-14 compared to the corresponding period in the previous year.
For the period April – February
(Rs. in crore)
Head | 2012-13 | 2013-14 | Increase (%) |
Customs | 14867 | 18144 | 22.0 |
Central Excise | 17884 | 23154 | 29.5 |
Service Tax | 1328 | 2111 | 58.9 |
Total | 34079 | 43409 | 27.4 |
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