<h1>Commerce Minister Promises Tax Refunds Within 7 Days Under New GST, Aims to Boost Exports and Address Refund Delays.</h1> Commerce Minister assured exporters of tax refunds within seven days under the new GST regime starting July 1. The GST Council is addressing refund issues, with 90% of advanced payments to be refunded within 6 to 10 days, and interest for delays. The ministry seeks an alternative mechanism for small and medium exporters to avoid initial tax payments. GST is expected to boost exports by reducing input costs. On currency fluctuations, the minister noted they are a new normal, with RBI intervening in extreme cases. Job creation impacts are considered in proposals to the Union Cabinet. India's exports rose by 5% to USD 276 billion in 2016-17.