IGST Refund for Exports - How the Mechanism Works | Different Types of errors and How to solve them?

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Hello Friends,
This is Keval Shah from Afleo Group.
In this video, we will discuss an important aspect of export trade, which is IGST Refund from Customs. Understanding GST refund in export trade is crucial for both new and existing exporters.
As you may know, there are two ways to execute an export shipment: "Without payment of Duty i.e., Under Bond or Letter of Undertaking [LUT]" and "With payment of Duty i.e., IGST."
Since exports are zero-rated under GST, both methods entitle you to GST refund. In the first method, you get a refund of unutilized input tax credit (ITC) from the GST Department. In the second method, you get a refund of the IGST paid amount from the Customs Department.
In this video, we will first briefly explain the second method, i.e., IGST Refund from Customs. Then, we will discuss the procedure to obtain IGST Refund, possible mistakes made by exporters and how to rectify them, how to track IGST Refund status, and finally, an important clause related to IGST refund that many exporters may not be aware of. Please watch the video until the end, and let's get started.
Before starting the video, I would like to give a brief introduction to Afleo Group. Afleo Group is a specialized company for all export and import needs. As you can see on the screen, we provide DGFT and Customs consultancy services, specialize in freight forwarding, and also deal in buying/selling RoDTEP/RoSCTL/DFIA licenses.
We have assisted many new exporters/importers, guiding them from the start to execute their export/import shipments. We provide help in DGFT, Customs, banking, logistics, export incentives, and legal matters. Please visit our website www.afleo.com for more information, or you can directly call or email us for any inquiries.
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