Federation of Indian Exporters Organisation hails the decision of Central Board of Indirect Taxes and Customs for the concessions to Exporters

2021-02-23 16:36:27 Exim News

The Federation of Indian Export Organisations (FIEO) has complimented the Central Board of Indirect Taxation & Customs (CBIC) for extending the facilities of rectification of SB005 and GSTR-3B errors.

FIEO President Sharad Kumar Saraf said that they had received representations from several Exporters, which were taken up with the CBIC for consideration.

These extensions great relief to such exporters whose IGST refunds were blocked

These extensions announced by the Central Board of Indirect Taxes and Customs  have provided a great relief to such exporters whose IGST refunds were blocked due to data mis-match. The Exporters will now be able to rectify them through Officer interface and will overcome the problem of refund blockage by correcting the records.

This facilitation would be applicable to all shipping bills filed up to 31st December, 2020 in the case of SB005 error and 31st March, 2021 in the case of GSTR-1 & GSTR-3B mismatch.

FIEO Chief said that the Ministry of Finance  support from time to time is really an encouragement to the exporting community in their export efforts. He hailed several COVID-19 measures announced by CBIC, which facilitated smooth Customs clearance and provided maximum possible comfort to the trading community.

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