Drawback election prevents later IGST refund when exporter declared and claimed a higher composite drawback rate on the shipping bill. Where exporters claimed composite or higher All Industry Rates of drawback and made the requisite shipping bill declarations (including DBK declarations and drawback serial suffixes), they thereby relinquished any claim to IGST refund; the shipping bill is treated as the claim for drawback under the Drawback Rules, and authorities will not permit subsequent IGST refunds after such an election.
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.
Drawback election prevents later IGST refund when exporter declared and claimed a higher composite drawback rate on the shipping bill.
Where exporters claimed composite or higher All Industry Rates of drawback and made the requisite shipping bill declarations (including DBK declarations and drawback serial suffixes), they thereby relinquished any claim to IGST refund; the shipping bill is treated as the claim for drawback under the Drawback Rules, and authorities will not permit subsequent IGST refunds after such an election.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
