VAT refund on raw materials for Exportation of Finished Goods

[Kishan Barai]

As we are buying peanuts (5 % Vat), sugar (5% Vat), cap and Jar (17.5% Excise); and exporting the finished product.

Can we buy all (ingredients of peanut butter and packaging material) against H Form? Do we require to pay any taxes to our government here for ingredients and packing material?

Kindly clarify on above. Thank you

AI Summary

VAT refund on inputs available for exported finished goods, with duty drawback options and CENVAT credit interaction.
Inputs and packaging for manufactured exports cannot be purchased against H Form; VAT paid on inputs used in exported finished goods is refundable as unadjusted carried-forward input tax credit under GVAT, and manufacturers should apply to the state VAT authority for refund. Exporters may claim All Industry Drawback or seek Brand/Special Brand rate fixation, but duty drawback is reduced to the extent CENVAT credit has been availed.