Duty drawback, GST refunds of Rs 1.75 lakh crore issued to exporters in FY22: CBIC Chairman Vivek Johri

The CBIC has issued duty drawback and GST refunds of Rs 1.75 lakh crore to exporters in the last fiscal ended March 2022, a senior official said on Wednesday.

Central Board of Indirect Taxes and Customs (CBIC) Chairman Vivek Johri said the department is working on a scheme to facilitate gems and jewellery exports through e-commerce.

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Speaking at the Civil Services Day, he said that the department took several steps to fast-track refunds and free up the working capital of exporters during the Covid period.

"During 2021-22, we disbursed drawback of almost Rs 24,000 crore and GST refunds of Rs 1.51 lakh crore, which is a growth of 33 percent over the previous year," he said, adding the department is "very keenly" focused on robust growth in revenue.

Referring to plans in digitisation, Johri said: "We are working on business process re-engineering applicable for customs process applicable to SEZ units. We are also working on schemes for gems and jewellery exports through e-commerce. It is already happening domestically, and we can convert it for exporters to benefit from it".