CBIC to Organize Drive to Clear Pending Refund Claims

The Central Board of Indirect Taxes and customs(CBIC) will conduct a special drive to dispose of pending refunds and drawback claims from may 15 till May 31, in order to provide immediate relief to industry, especially MSMEs, during the pandemic. The board issued instructions to all Field units of customs and Central tax on may 13, to prioritise processing and  disposal of pending refunds and drawback claims as on May 14.

” The board has decided that there is a need to focus on timely disposal of all pending refund/duty drawback claims in order to provide immediate relief to the business entities, especially MSMEs, in these difficult times , ” it said.The CBIC had undertaken a similar special drive in April 2020 to provide liquidity to industry during Covid-19. In instructions issued, the board also specified that the special drive be coordinated with major trade and industry associations, especially Exporters, since submission of required documents will be needed from members.S-ET

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