Scheme formulated for Speedy grant of refund of accumulated and unutilised CENVAT credit to help in ease of doing business by unlocking the accumulated credit.

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..... Scheme formulated for Speedy grant of refund of accumulated and unutilised CENVAT credit to help in ease of doing business by unlocking the accumulated credit.
News and Press Release
Dated:- 10 .....

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..... -11-2015

Exporters of services today accumulate CENVAT credit on both input services and input goods as they are unable to set-off their input levies. Speedy grant of refund of accumulated & un .....

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..... utilised CENVAT credit will help in ease of doing business by unlocking the accumulated credit. Central Board of Excise &Customs (CBEC) has declared this year as the "Year of Tax Payer Services". In .....

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..... order to enable speedy grant of such refunds to the exporters of services, a scheme has been formulated whereby on submission of a certificate from the statutory auditor/Chartered Accountant as well .....

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..... as the claimant, a provisional payment of 80% of the claimed amount will be made within 5 working days. This scheme will be applicable to all refund claims which are pending as on 31-3-2015 and have .....

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..... not been disposed of by way of a sanction order. Details of the scheme are contained in Circular 187/6/2015-Service Tax dated 10-11-2015 which can be accessed on www.cbec.gov.in
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..... ase - PIB .....

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