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Rs 70-bn GST refunds of exporters cleared; here's date for settling claims

About Rs 140 billion of refunds of exporters were stuck due to various mismatches

Press Trust of India  |  New Delhi 

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Over Rs 70 billion or half of the pending of exporters has been cleared in the first nine days of the ongoing special refund fortnight.

"More than Rs 70 billion of IGST/ ITC refunds sanctioned till now during the ongoing Special Refund Fortnight," the Central Board of Indirect Taxes and Customs (CBIC) said in a tweet late last night.

It asked exporters and traders to visit their jurisdictional GST office or Customs House/Port and settle pending claims during the Special Refund Fortnight from May 31 to June 14, 2018.

About Rs 140 billion of refunds of exporters were stuck due to various mismatches and CBIC has organised the special fortnight to fast-track clearances.

The CBIC has also allowed clearance of based on PAN of exporters if such refunds are held up due to a mismatch in GSTIN mentioned in shipping bill and return forms.

First Published: Sat, June 09 2018. 20:33 IST
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