Finance Ministry proposes stern action against untraceable exporters claiming IGST Refund

Stern action is proposed against the risky exporters who have been claiming IGST Refund worth Rs 2,020 crore and were found untraceable.  Finance Ministry sources said, the number of such untraceable risky exporters has gone up to 1,474 as on date. The IGST refund is suspended in all such cases where there is adverse report post verification about the exporter or their suppliers. However, Customs officials have been sensitized to expedite refunds to genuine exporters in these difficult COVID-19 ...