NEW DELHI: Seeking to fast-track service tax refund to exporters, the Central Board of Excise and Customs (CBEC) today fixed a timeline for 80 per cent payment of the total amount claimed.
“On the receipt of the document… In respect of the pending case, the jurisdictional deputy/assistant commissioner… Will make a provisional payment of 80 per cent of the amount claimed as refund within five working days of the receipt of the documents,” said a CBEC circular.
The move will speed up sanction of the refund accumulated CENVAT credit to exporters of the services, it added.
It is also clarified that the decision to grant provisional payment is an administrative order and not a quasi-judicial order and should not be subjected to review.
This payment of 80 per cent of the refund shall be purely provisional based on the documents above and without prejudice to the department’s right to check the correctness of the claim in terms of the relevant notification, it said. (AGENCIES)
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