TaxTMI 
TaxTMI 
Can we file Refund Claim on supply to SEZ unit when the payment from the buyer has not been received/on credit as usual.
is it compulsory that we can file refund claim only after receipt of payment from buyer.
Claim of refund on Zero Rated supplies to SEZ unit
12 Oct 2017 
2 Replies 
1559 Views Asked by
Zero-rated supply refund: claim allowed subject to tax payment and SEZ head certification; foreign exchange realisation required.
Refund on zero-rated supplies to a SEZ unit is conditional on payment of tax followed by a refund claim; non-receipt of payment from the buyer does not automatically bar the claim. The refund process requires the prescribed pro forma certified by the Head of the SEZ unit confirming use in SEZ operations, and the underlying objective remains realisation of foreign exchange. (AI Summary)
Refund on zero-rated supplies to a SEZ unit is conditional on payment of tax followed by a refund claim; non-receipt of payment from the buyer does not automatically bar the claim. The refund process requires the prescribed pro forma certified by the Head of the SEZ unit confirming use in SEZ operations, and the underlying objective remains realisation of foreign exchange. (AI Summary)