Refund restriction on unutilised input tax credit now applies where export duty is imposed on zero rated goods. The amendment inserts a clause prohibiting refund of unutilised input tax credit on account of zero rated supply of goods and refund of integrated tax paid on such zero rated supplies where the zero rated supply of goods is subjected to export duty.
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Provisions expressly mentioned in the judgment/order text.
Refund restriction on unutilised input tax credit now applies where export duty is imposed on zero rated goods.
The amendment inserts a clause prohibiting refund of unutilised input tax credit on account of zero rated supply of goods and refund of integrated tax paid on such zero rated supplies where the zero rated supply of goods is subjected to export duty.
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