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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.

Dated:- 10-11-2015 - 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 & unutilised 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 order to enable speedy grant of such refunds to the exporters of services, a scheme has b .....

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