The Central Board of Excise and Customs (CBEC) has denied the report that the Customs, Excise Duty and Service Tax refunds/drawbacks are being held-up by the Department. This was mentioned in a certain section of media attributing to a statement by President, Federation of India Export Organisations (FIEO) to the effect that Customs, Excise Duty and Service Tax refunds/drawbacks are being held-up by the Department.

This is not correct.  The following statement will indicate that more amounts have been refunded in 2013-14 compared to the corresponding period in the previous year.

For the period April – February

(Rs. in crore)

Head 2012-13 2013-14 Increase (%)
Customs 14867 18144 22.0
Central Excise 17884 23154 29.5
Service Tax   1328   2111 58.9
Total 34079 43409 27.4

More Under Excise Duty

Posted Under

Category : Excise Duty (4105)
Type : News (13417)
Tags : CBEC (397)

0 responses to “CBEC Denies any Holding of Customs, Excise Duty and Service Tax Refunds/Drawbacks”

  1. Ajay Bothra says:

    Why CBEC is showing the figure which it is refunding? The fig’s might be the cumulative fig’s of previous year which has been piled up. Why not the fig which are pending at different Custom House, Excise ? From when it is pending? The reason of pending. If they are at all serious in resolving the issue, CBEC should come out, call a meeting with Importer/Exporter and discuss in front of the dept and resolve the issue, instead of lingering on.

Leave a Reply

Your email address will not be published. Required fields are marked *