Rs. 4417 crores worth Drawback Claims pending with Customs
4,94,562 Drawback claims accounting for a stupendous 4417 crores rupees are pending with the Customs Department as on 17.11.2013. The exporters are likely to raise this issue before the Finance Minister soon. Exporters are virtually out of business with such huge sums locked up with the Customs. There seems to be an unofficial order right from the top to Customs formations to go slow on granting drawback claims due to shortfall in Revenue collections. And this may continue till March 2014.