TaxTMI 
TaxTMI 
CBEC ISSUES INSTRUCTIONS FOR TIMELY PAYMENT OF REFUND CLAIMS TO EXPORTERS
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....BEC ISSUES INSTRUCTIONS FOR TIMELY PAYMENT OF REFUND CLAIMS TO EXPORTERS <br>News and Press Release<br>Dated:- 17-4-2008<br><BR>Government of India has already notified refund of service tax paid on s....
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....ixteen taxable services, whether or not input services, use of which could be attributable to export goods, based on verifiable methods. Central Board of Excise and Customs (CBEC) has issued instruct....
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....ions vide F.No.341/15/2007-TRU dated 17th April, 2008 to all field formations of CBEC to ensure timely and expeditious payment of refund claims to exporters. A monitoring system to ensure timely payme....
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....nt of refund claim has also been put in place. Any refund claim which is not finalized within a period of 30 days from the date of filing is required to be reported by the Commissioner to the concer....
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....ned Chief Commissioner and any refund claim which is not finalised within a period of 45 days, for whatsoever reasons, is required to be reported to the CBEC. Field officers have also been instructed ....
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....to take special efforts to dispose of refund claims of small and medium exporters on priority basis.<BR> News - Press release - PIB....