Exporters cry foul over new customs order to check shipments
20-June-2019
Miffed over government move to order manual checking of shipments and a close verification of input tax credit (ITC) claims, exporters have expressed fear that the new directive could delay consignments, cancellation of some orders and image loss for the firms.
Speaking to IANS, an exporter said due to verification process, many shipments could miss the vessels and the buyer insisting for 10-15 per cent discount in prices citing delay.
"The shipments that have gone to ports have been sent in line with sailing schedule of the ships. We don't know when the verification would be completed. There should be clarity on this," he said wishing not to be named.
The Central Board of Indirect Tax and Customs (CBIC) had recently instructed its Customs and GST formations to verify the correct availment of input tax credit (ITC) by a few exporters who are perceived as "risky" on the basis of pre-defined risk parameters.
"Only 5,106 risky exporters have been identified so far as against about 1.42 lakh total exporters. Thus the risky exporters are only 3.5% of the total exporters.
The apex indirect tax enforcement body in a statement on Thursday assured the trading community that all genuine exporters would continue to get their IGST (integrated goods and services tax) refunds in a timely manner in a fully automated environment.
But the apprehension of delay in verification and refunds continue to be strong among exporters, especially small and medium firms.
"The government should catch the thief. But this should not result in delay of shipment for genuine exporters. The government has every right to check the suspected consignment and detect the fraud. But it should not delay or harass genuine exporters. It should be done with minimum inconvenience," said Animesh Saxena, President of Federation of Indian Micro Small & Medium Enterprises (FISME).
The FISME would write to Finance Ministry and raise its concerns related to the new shipment scrutiny directions.
Earlier this week, about 1,436 shipping bills filed by 925 exporters had been interdicted by the customs authorities.IANS
Mumbai Dethrones Beijing as Asia's Billionaire Capital, India Climbs to Third Globally
Jungle House: A Royal Summer Getaway Perched Amidst Shimla's Ancient Woods
Kangana Ranaut In Mandi Says Politics For Her Is A Way To Work For Society
Bizarre Poll Promise By Trinamool's Celebrity Candidate Draws Criticism
Mining Baron-Turned-Politician Janardhan Reddy Merges Party with BJP Ahead of Lok Sabha Elections