CBEC denies any holding of customs, excise duty and service tax refunds

India Infoline News Service | Mumbai |

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

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

 

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