Chief Commissioner of Customs, Chennai zone, has launched a special drive to address the issue of refunds of GST for exporters.
The zone has pending dues of Rs. 2,318 crore to exporters. Some of them are due to errors made in the process while claiming the refund, officials said. Exporters pay GST in two stages — one at the time buying of inputs for making the export product and then while exporting the finished product. The Inputs Tax Credit is given back on the money paid as GST while buying of inputs. The integrated GST or IGST refund is given back on the money spent as GST at the time of exports.
‘Rs. 476 cr. IGST given’
Customs officials said Rs. 476 crore has been given as IGST to exporters.
They said the pending refunds were due to three kind of errors which occur during the process of claiming refund. One error is mismatch in data on the shipping bill and what is entered in the GST portal. On account of this, refund to the tune of Rs. 180 crore has been pending. Of this Rs. 25 crore has been settled, according to officials.
The second type of error is due to failure to validate the bank account. About Rs. 30 crore is pending on account of this error. The third one relates to data errors in the manifest, which is a legal document mandatory to be filed by carrier of goods with the customs department. The dues pending on this account is Rs. 30 crore.
To speed up settlement, the Chennai Customs Zone has launched a special drive “IGST Exports Refund Fortnight” beginning from March 15 to March 29.
Customs Commissionerate, Chennai-IV, has also opened a dedicated IGST Refund Cell at G-403, 4th floor, Ganga Block, Custom House, Chennai-1 with email id email@example.com and phone no. 044-25254250.
Further, four teams consisting of 30 officers, headed by Deputy/Assistant Commissioner, have been formed to solve the issues. Details of the teams and their contact numbers have been uploaded in www.chennaicustoms.gov.in website. A similar facility has been set up at is Meenambakkam office.