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 |
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.
0 Comments
Cancel reply
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.