New Delhi, Apr 20 (PTI) The CBIC has issued duty drawback and GST refunds of Rs 1.75 lakh crore to exporters in the last fiscal ended March 2022, a senior official said on Wednesday.

Central Board of Indirect Taxes and Customs (CBIC) Chairman Vivek Johri said the department is working on a scheme to facilitate gems and jewellery exports through e-commerce.

Also Read | OnePlus Nord N20 5G Launched in the US; Price, Features & Specifications.

Speaking at the Civil Services Day, he said that the department took several steps to fast-track refunds and free up the working capital of exporters during the Covid period.

"During 2021-22, we disbursed drawback of almost Rs 24,000 crore and GST refunds of Rs 1.51 lakh crore, which is a growth of 33 per cent over the previous year," he said, adding the department is "very keenly" focused on robust growth in revenue.

Also Read | Redmi 10 Power With Dual Rear Camera Setup Launched in India at Rs 14,999.

Referring to plans in digitisation, Johri said: "We are working on business process re-engineering applicable for customs process applicable to SEZ units. We are also working on schemes for gems and jewellery exports through e-commerce. It is already happening domestically, and we can convert it for exporters to benefit from it".

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)