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CBIC announces ‘Special Refund and Drawback Disposal Drive’ to provide relief to MSMEs

Updated: May 15, 2021 08:10:31am
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CBIC announces ‘Special Refund and Drawback Disposal Drive’ to provide relief to MSMEs

New Delhi, May 15 (KNN) In a bid to provide immediate relief to the business entities, especially MSMEs, the Central board of Indirect Taxes and Customs (CBIC) has launched a special drive to facilitate disposal of all such pending claims.

This Special Drive named ‘Special Refund and Drawback Disposal Drive’, shall be in place from 15th May 2021 to 31st May 2021

The CBIC directed the Principal Chief Commissioners/ Chief Commissioners to monitor the performance on this front closely on a daily basis and, wherever required, suitably guide the officers concerned to maximize the disposal.

Further, it also asked Commissioners to coordinate this Special Drive with the major trade and industry associations especially those that cater to exporters for their assistance including submission of required documents from their members, if a claim is pending for want of a required document.

“Though the decision to process pending refund claims has been taken with a view to provide immediate relief to the taxpayers, due diligence is to be done before granting the refunds and drawback. All the relevant legal provisions, notifications, circulars and instructions must be followed while processing these claims,” the Board said on Thursday.

The CBIC also said that for facilitation of exporters, all communication should be done over e-mail wherever email id of the applicant is available, adding, ''due diligence will be done before sanctioning any refund claims.''

It was urged that in these difficult times all officers concerned make special efforts to liquidate the pending refund and drawback claims by May 31, 2021 and make the Special Drive a grand success.

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