How soon will refund in respect of export of goods or services be granted during the GST regime?

(a) In case of refund of tax on inputs used in exports:
• Refund of 90% will be granted provisionally within
seven days of acknowledgement of refund
application.
• Remaining 10% will be paid within a maximum
period of 60 days from the date of receipt of
application complete in all respects.
• Interest @ 6% is payable if full refund is not granted
within 60 days.
(b) In the case of refund of IGST paid on exports: Upon
receipt of information regarding furnishing of valid return
in Form GSTR-3 by the exporter from the common
portal, the Customs shall process the claim for refund
and an amount equal to the IGST paid in respect of each
shipping bill shall be credited to the bank account of
the exporter.