Page 50 - GSTL_ 28th May 2020_Vol 36_Part 4

J110 GST LAW TIMES [ Vol. 36
Last year, the C.B.I. & C. had detected several cases of firms availing
credit fraudulently through refund of Integrated Goods and Services Tax on ex-
ports of goods.
To mitigate the risk, the C.B.I. & C. has taken measures to apply strin-
gent risk parameters based checks, and the consignment of such exporters in
risky category are subject to 100 per cent. Customs examinations and their re-
funds were kept in abeyance.
The C.B.I. & C., which had in January issued a Standard Operating Pro-
cedure (SoP) to be followed by such exporters, has now asked GST and Customs
Zonal Principal Chief Commissioners to forward all pending verification report
to Directorate General of Analytics and Risk Management (DGARM) by June 5.
“The zonal Principal Chief Commissioners/Chief Commissioners of
CGST and CX zones are advised to put a process in place to ensure that in future
all such verifications are completed and reports sent to DGARM within maxi-
mum 3 weeks of receipt of request of verification from DGARM,” the CBIC said.
While partially modifying the SoP issued in January, the C.B.I. & C. said
in order to cut down the time taken in grant of NOC (No Objection Certificate),
the DGARM will “conduct supply chain analysis without waiting for verification
report from field and share risky first and second level major suppliers with the
jurisdictional CGST (Central GST) formations at the same time when the risky
exporter details are shared with the CGST formations”.
[Source : Millennium Post, New Delhi, dated 22-5-2020]

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GST LAW TIMES  28th May 2020  50
( A110 )