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of <h1>Clarification on IGST Refunds for Exporters: Rule 96(10) Compliance with Reassessment of Bill of Entry Required.</h1> The circular clarifies the regularization of Integrated Goods and Services Tax (IGST) refunds for exporters who initially imported inputs without paying IGST and compensation cess, under certain notifications. If these taxes are later paid with interest, the refund of IGST on exports won't be considered a violation of rule 96(10) of the Central Goods and Services Tax Rules, 2017. This rule prohibits IGST refunds if concessional benefits on inputs are availed. The circular mandates reassessment of the Bill of Entry by Customs authorities to ensure compliance, and advises issuing trade notices to disseminate this information.
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