TaxTMI 
TaxTMI 
IGST Export Refunds- extension in SB005 alternate mechanism and revised processing in certain cases including disbursal of compensation cess
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..../131/2018/20905-923 DATED: 08.11.2018 PUBLIC NOTICE NO. 32/2018 Subject: IGST Export Refunds- extension in SB005 alternate mechanism and revised processing in certain cases including disbursal of compensation cess. Attention of Exporters, Custom Brokers and all members of trade is invited to Circular No. 40/2018-Customs dated 24.10.2018 wherein it has been communicated that even after ....
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....m exporters / associations that some exporters had, due to lack of familiarity/awareness, committed the same mistake. As a result their IGST refunds are stuck and they have requested for extension of date. Issue has been examined and it has been observed that exporters are committing same mistakes again and again in spite of several sensitisation/outreach programmes. In order to accord high priori....
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....han eligible amount. 4. CBIC has been receiving representations where the refund scroll has been generated for a much lesser IGST amount than what has actually been paid against the exported goods. Broadly, this has happened due to: a. Error made by the exporter/CHA in declaring the IGST paid amount in SB or, b. Cases where Compensation Cess paid amount was not entered by the exporter in the SB....
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....cautious while filing details in Shipping Bill as such facility may not be available in future for the same mistake for referred shipping bill. Also, Customs Officers while processing claims using officer interface should exercise due diligence so that mistakes are not repeated again. 6. In order to claim the differential amount, the exporter who has made exports through ICD Tughlakabad, New De....