TMI BlogIGST Export Refunds – extension in SB005 alternate mechanism and revised processing in certain cases including disbursal of compensation CessX X X X Extracts X X X X X X X X Extracts X X X X ..... 2018 dated 26.02.2018, 15/2018 dated 25.03.2018 and 24/2018 07.06.2018 wherein an alternative mechanism with officer interface to resolve invoice mismatches (SB005 error) was provided for the shipping bills filed till 30.06.2018. [Board s Circular No. 05/2018-Customs dated 23.02.2018, Circular No. 08/2018-Cus. dated 23.03.2018 and 15/2018 dated 06.06.2018 refers] 2 Exporters are availing the refunds of IGST paid on exports regularly for more than a year now. It has been observed that exporters have committed many errors which have hampered sanctioning of IGST refund. Board has introduced several options and alternative mechanisms through which various mismatch errors between the Shipping Bill (SB) and GSTR 1 data can be handled in the sy ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... no such provision was hitherto available in respect of those SBs which were successfully scrolled, albeit with a lesser than eligible amount. 5 CBIC has been receiving representations where the refund scroll has been generated for a much lesser IGST amount than what has actually been paid against the exported goods. Broadly, this has happened due to: a. Error made by the exporter/CHA in declaring the IGST paid amount in SB or, b. Cases where Compensation Cess paid amount was not entered by the exporter in the SB along with the IGST paid amount or the same details were not transmitted by GSTN, and the scroll consequently got generated only for the IGST amount or, c. Typographical mistake by the customs officer while sanctioni ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hat only those SBs which have already been scrolled shall be available in this facility. Further, this facility can be used only once for each eligible SB to sanction the revised IGST amount. Thus, utmost care may be taken by the exporter while submitting the RRR as well as the sanctioning officer while sanctioning the revised amount as no further provision will be available for revising the refund sanction again. In view of the above, all exporters/ Custom brokers at Visakhapatnam Custom House are requested to avail above facility and to be cautious while filing claim IGST refund as above. Difficulties, if any, may be brought to the notice of Assistant Commissioner (DBK), Custom House, Visakhapatnam. [Authority: CBIC Circular No 40/2 ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
