« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  I-T officials search 30 chemical units in Maharashtra,... IT raid on premises owned by cricketer Gautam Gambhir's... » Govt to cut paperwork for exporters' tax refund October, 11th 2007 Government will credit the amount of tax refund arrears accrued to exporters, as a result of the hike in duty drawback rates announced in July as part of a Rs 1,400-crore relief package to the rupee-hit export sector, directly to their accounts. The Central Board of Excise and Customs (CBEC) has notified this measure after exporters expressed to the government their inconvenience arising out of avoidable paperwork, both for the them as well as the customs houses. "The matter has been considered by the Ministry and it has been decided to give one time relaxation to exporters from filing supplementary claims against all EDI shipping bills, in respect of which Let Export Orders (LEOs) were given by the customs authorities during April 1, 2007 to July, 17 2007," the notification said. The government had announced in July, increase in duty drawback rates with retrospective effect from April 1. Trade bodies had requested that the differential drawback amount, which has become due to the exporters because of the increase in drawback rates, may be automatically credited into their accounts by the EDI system of customs houses without filing supplementary claims against each EDI shipping bill. "Accordingly, the differential drawback amount which has become due to exporters against exports effected through EDI during this period may be paid to them without their having to file supplementary claims," the notifications stated. However, in case of manual shipping bills the exporters shall be required to file supplementary claims. Federation of Indian Export Organisations (FIEO) welcomed the measure, stating that it would ease exporters' burden and avoid cumbersome paperwork.