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February 2012

Service tax refund to exporters through the Indian Central EDI System (ICES) — Circular No. 149/18/2011-ST, dated 16-12-2011.

By Tarun Ghia, Brijesh Cholera, Pratik Mehta, Chartered Accountants
Reading Time 1 mins
Vide this Circular, the Government has proposed to introduce a simplified scheme for electronic re-fund of service tax (STR) to exporter of goods on the line of duty drawback. According to this new scheme, exporters have two options i.e., (i) either they can opt for electronic refund through ICES (Indian Custom EDI System) system, which is based on the ‘schedule of rates’ (to be notified shortly) or (ii) they can opt for refund on the basis of docu-ments, by approaching the Central Excise/Service Tax formations. To obtain benefit under the new electronic STR scheme, an exporter should have a bank account and also a Central Excise registration or service tax code number and the same should be registered with Customs ICES using specified ‘Annexure-A’ Form and an exporter should declare his option to avail STR on the electronic shipping bill while presenting the same to the proper officer of the Customs.
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