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CBEC issues guidelines for speedy disbursal of pending refund claims to exporters of services

Service Tax - By: - Bimal jain - Dated:- 16-11-2015 - The Central Board of Excise and Customs ( CBEC or the Board ) vide various Circulars/Instructions had laid down simplified procedures for sanction and disbursal of refundclaims in the past under v .....

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ar ). Gist of the schemefor speedy disbursal of pending refund claims to exporters of services: We are summarising herewith the gist of scheme issued vide the Circular for ease of understanding: Applicability of the scheme: It is applicable to Servic .....

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issue of the Circular. Further, refunds which had been finalized earlier by issuance of an adjudication order but have been remanded back to the original sanctioning authority will not be covered under this scheme since re-examination of such claims .....

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are the additional documents need to be submitted: A certificate from the statutory auditor in the case of companies, and from a Chartered Accountants in the case of assessees, who are not companies, in the format as given in Annexure-1 to the Circu .....

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ed acknowledgement to the claimant. Thereafter, he will make a provisional payment of 80% of the amount claimed as refund, within 5 working days of the receipt of the documents. Further, the Board has prescribed other procedures as well for effective .....

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ommissioners should ensure that the provisional payment of refunds should be done strictly in terms of the time lines specified and that there should be no complaints regarding delays of refund. To access the complete Circular, please click on the li .....

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