Transition period for duty drawback allows composite AIRs subject to conditions preventing simultaneous input tax credit or refunds. A three month transition period from 1.7.2017 to 30.9.2017 allows exporters to claim composite All Industry Rates (AIRs) of duty drawback or Brand rates subject to prescribed declarations and conditions that bar simultaneous availing of input tax credit (CGST/IGST) or refund of IGST and prohibit carrying forward Cenvat credit under the CGST Act, 2017; exporters may alternatively claim only the Customs portion of AIRs and still avail input tax credits or refunds.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transition period for duty drawback allows composite AIRs subject to conditions preventing simultaneous input tax credit or refunds.
A three month transition period from 1.7.2017 to 30.9.2017 allows exporters to claim composite All Industry Rates (AIRs) of duty drawback or Brand rates subject to prescribed declarations and conditions that bar simultaneous availing of input tax credit (CGST/IGST) or refund of IGST and prohibit carrying forward Cenvat credit under the CGST Act, 2017; exporters may alternatively claim only the Customs portion of AIRs and still avail input tax credits or refunds.
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