FinMin clears air on set-back to exporters due to newly introduced verification process

Finance Ministry clears the air with respect to misleading impression created about set-back to automated process of refunds for exporters on account of recent CBIC instruction prescribing manual checks to curb large scale frauds in IGST refunds; Assures that, genuine exporters would not suffer on account of newly introduced verification process and continue to get IGST refunds in a timely manner in a fully automated environment; Explains that, risky exporters are o...