"This shows that the government's efforts to fast track refunds under the GST especially to exporters are yielding results," it said.
The CBIC further said refunds of only Rs 3,604 crore are pending, and of about 1.85 lakh exporters, a total of 6,421 (about 3.4 per cent only) including some "star exporters" have been identified as risky and hence red flagged.
"Even some of the 'star exporters' are not traceable," it added.
The risky exporters are being subject to KYC and verification process before the grant of refund. The verification so far has revealed that 1,241 exporters are not traceable at their given addresses, which include 8 'star exporters'.
In addition, adverse verification reports have been received in the case of 399 exporters, which also include 4 'star exporters'.
The Commerce Ministry gives 'star' status to exporters on export performance of the last three financial years.
As per the CBIC, since the advent of GST in July 2017, 77 per cent of India's exports have been under Letter of Undertaking, which are unaffected by the verification exercise being done by its officials.
"Even in respect of the exporters identified as risky, the government is taking all necessary steps to expedite the verification," said the CBIC in the revenue department.
At the same time, the government remains concerned about the misuse of the facility of ITC credit and refunds by few unscrupulous exporters, it added.
IGST is a tax levied on all inter-state supplies of goods and/or services. It also applies on supply of goods and/or services in cases of import and export.
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