CBIC issues circular for the IGST refunds on exports and extension in SB005 alternate mechanisms

Feb 18, 2021 | by Avantis RegTech Legal Research Team

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Finance & Taxation Compliance

The Central Board of Indirect Taxes and Customs (CBIC) on February 17, 2021 has issued a circular for the IGST refunds on exports and extension in SB005 alternate mechanisms. the quantum of Shipping Bills pending on account of such errors being committed by the Trade have come down significantly, but still, it is occurring in some cases resulting in hold- up of IGST refunds.

The exporter may avail the facility of correction of Invoice mis-match errors (error code SB-005) in respect of all past shipping bills, irrespective of its date of filling, by following the procedure as provided in the above Circulars, subject to payment of Rs. 1,000/- as fee towards such rendering of service by Customs Officers for correlation and verification of the claim.

[Circular No. 05/2021- Customs]


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