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CBIC asks officials to clear pending customs, reimbursement claims for disadvantages by the end of the month

CBIC has requested the local office to settle all pending refunds of customs and disadvantage claims by the end of the month.

The Central Board of Indirect Taxation (CBIC), the highest decision-making body on customs issues, has instructed all customs directors to implement “special refunds and defect disposal drives” for priority purposes. Disposition of all pending refunds and disadvantageous claims.

However, all such refunds must be “considered the benefits” in accordance with legal provisions.

“This special drive will take place from May 15, 2021 to May 31, 2021. During this period, all refunds and disadvantage claims pending as of May 14, 2021 will be discarded. It is expected. ”

The CBIC also urged local offices to coordinate the promotion of this refund with major industry groups, especially those corresponding to exporters, seeking assistance, including the submission of the required documentation.

However, although the decision to process the pending refund request was made to provide taxpayers with immediate relief, officers said they must do due diligence before admitting refunds and shortcomings.

“To keep the exporter running smoothly, all communications must be done by email whenever the applicant’s email ID is available.

“During these difficult times, all relevant officers will make special efforts to settle any pending refunds and disadvantage claims by May 31, 2021 and make the special drive a great success. Is strongly sought after, “CBIC added.

Rajat Mohan, senior partner at AMRG & Associates, said this special effort to handle refund claims only by customs authorities needs to be extended to local GST officers.

“In this special refund drive, customs authorities handle refunds incurred due to mistaken or inadvertent tax overpayments, electronic cash ledger excess balances, Bond / LUTs, and ITC refunds from Exported exports. Not authorized. Obligatory structure, refunds available to diplomats and embassies. This limits the benefits of this drive to only some exporters at this time, “Mohan added. ..

CBIC asks officials to clear pending customs, reimbursement claims for disadvantages by the end of the month

Source link CBIC asks officials to clear pending customs, reimbursement claims for disadvantages by the end of the month

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