Parliamentary Committee's Report on 'exports' inter alia recommends dispensing with "rigmarole" of refund mechanism

Dept. Related Parliamentary Standing Committee on Commerce presents 139th report on ‘Impact of GST on Exports’, notes several operational issues making refund procedure tardy & cumbersome while stating that significant time lag in providing refunds has supposedly eroded the competitiveness of exporters by around 1.2% to 2%; Finding that refunds are being disallowed on slightest pretext, Committee states that due diligence cannot be overplayed and accordingly, recommen...