CBEC Denies any Holding of Customs, Excise Duty and Service Tax Refunds/Drawbacks

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....BEC Denies any Holding of Customs, Excise Duty and Service Tax Refunds/Drawbacks <br>News and Press Release<br>Dated:- 11-3-2014<br><BR>The Central Board of Excise and Customs (CBEC) has denied the re....

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....port 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, Fede....

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....ration 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 statemen....

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....t 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 Inc....

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....rease (%) Customs 14867 18144 22.0 Central Excise 17884 23154 29.5 Service Tax 1328 2111 58.9 Total 34079 43409 27.4<BR> News - Press release - PIB....