IGST Refund in Exports

From 10th October, 2017, refund of IGST paid on goods exported from 1st July, 2017 onwards will be processed like Drawback.

The Shipping Bills filed from the 1st July, 2017 will be considered as refund application and no separate Refund application will be required to be filed.

The application for IGST refund in export shall be deemed to be filed when the conveyance carrying the export goods leaves India, i.e. when the EGM of the gateway port is filed, and the applicant has furnished a valid return in Form GSTR-3 or GSTR-3B. The EGM filed at gateway port shall also act as the “Proof of Export”.

Exporters who have not yet filed GSTR-1 must file it immediately.

All exporters are advised to ensure that their bank accounts linked to their IEC are upto date. All exporters are further advised not to make any changes in their present updated bank accounts during the current financial year so that sanctioned IGST refunds are smoothly credited into their accounts.