The Central Board of Indirect Taxes and Customs vide its circular dated July 24, 2019, clarified issues regarding the refunds of IGST paid on import in case of risky exporters. Board has received representations from exporters regarding the new procedure of 100% examination related to risky exporters which leads to incur additional costs of re-packaging the cargo.
Resolving the issue, Board has decided to gradually relax the 100% examination procedure subject to the condition that no irregularity was noticed during the earlier examination of the cargo. The Board has also directed Risk Management Centre for Customs (RMCC) to gradually taper down the percentage of physical examination where examination has validated the declaration made in the shipping bill.
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