<h1>Over 90% of IGST Refund Claims for Indian Exports Processed; Rs. 7,635 Crore Sanctioned in Refund Fortnight.</h1> The Union Minister of Finance and Corporate Affairs announced that over 90% of Integrated Goods and Services Tax (IGST) refund claims for goods exported from India have been processed by the Central Board of Indirect Taxes and Customs (CBIC). During a refund fortnight, Rs. 6,087 crore in IGST and Rs. 1,548 crore in Input Tax Credit (ITC) refunds were sanctioned. Merchant exporters are charged a nominal GST of 0.1% for domestic procurement to boost exports and address working capital issues. An e-Wallet scheme to further ease cash flow is planned for April 2020. The e-Way Bill system for goods movement has been operational since April 2018.