CBIC asks officers to clear pending customs refunds, drawback claims by May-end
The Central Board of Indirect Taxes and Customs (CBIC) also asked field offices to coordinate this refund drive with major trade and industry associations, especially those that cater to exporters
PTI | May 15, 2021 | Updated 10:56 IST
The CBIC has asked field offices to clear all pending refunds of customs and drawback claims by month-end.
The Central Board of Indirect Taxes and Customs (CBIC), the apex decision making body in customs matters, has issued an instruction to all customs Principal Chief Commissioners that a Special Refund and Drawback Disposal Drive will be conducted with the objective of priority processing and disposal of all pending refund and drawback claims.
CBIC orders special drive for processing pending refund/ drawback claims from May 15-31
SECTIONS
Share
Synopsis
The Board issued instructions to all field units of customs and central tax on May 13, to prioritise processing and disposal of all pending refund and drawback claims as on May 14.
Getty Images
Experts said that the move will surely help industry but added that a similar drive should be conducted for pending claims under GST regime.
The Central Board of Indirect Taxes and Customs (CBIC) will conduct a special drive to dispose of pending refunds and drawback claims from May 15 till May 31, in order to provide immediate relief to industry especially MSMEs during the pandemic.