CBIC authorizes Principal Director General/ Director General of Analytics and Risk Management (“DGARM”) to withheld the IGST refund for verification purposes
The CBIC has issued Order No. 01/2022-GST dated July 21, 2022 to authorise the Principal Director General/ Director General of Directorate General of Analytics and Risk Management (“DGARM”), CBIC, New Delhi to exercise the functions under clause (c) of sub-rule (4) of rule 96 of the CGST Rules, throughout the territory of India.
Rule 96(4) (c) provides that the claim for refund of integrated tax paid on goods or services exported out of India shall be withheld where the Commissioner in the Board or an officer authorised by the Board, on the basis of data analysis and risk parameters, is of the opinion that verification of credentials of the exporter, including the availment of ITC by the exporter, is considered essential before grant of refund, in order to safeguard the interest of revenue.
