CBEC Denies any Holding of Customs, Excise Duty and Service Tax Refunds/Drawbacks

Posted on    11 March 2014

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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