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

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

March 11, 2014 5:43 IST | India Infoline News Service
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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