Following the directions of the Union Finance Minister Nirmala Sitharaman, the Kolkata Customs Zone has initiated a special drive to clear pending Integrated GST(IGST) refunds in relation to exports.
Exporters are asked to rectify mistakes in their EGM (export general manifest) and GST returns, said a statement issued on Thursday.
The Kolkata Customs Zone said that the refunds of IGST in few cases are "pending due to certain errors" committed by the exporters, it said.
The Central Board of Indirect Taxes and Customs (CBIC) has considered the issue of these data integration errors by the exporters in their GST returns due to which they were not getting IGST refund automatically.
Sitharaman recently has asked the customs department to clear all pending IGST refund claims by the exporters.
The initiative began on Tuesday and about 68 cases of refunds were resolved on the opening day, the statement said.
An amount of Rs 121.64 crore of IGST refund in August, 2019 in Kolkata Customs port was granted, it added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app