IGST REFUND ON FREE CHARGE EXPORT SHIPMENT

[pritesh shah]

Dear sir,

We have exported material on payment of IGST against free of charge sample shipment.

We have mentioned IGST paid amoun in our export shippingbill.

My query is that whether we can get IGST refund in said shipment as foreign exchange is not realisd.

Thanks in advance for your kind advise.

[KASTURI SETHI]

Realisation of foreign exchange is one of the conditions for sanction of rebate of IGST paid. However, there are exceptions i.e.Nepal, Bhutan etc. for which realization of Indian currency is accepted by the department.

[pritesh shah]

Dear Sir,

Thank you for your kind advise.

[Nash Industries I Pvt Ltd]

Agree with Mr Sethi.

Regards

S.Ramaswamy

[pritesh shah]

Dear Sir's,

With reference to my query , please be inform you that today in our bank account IGST refund credited.

Can you please confirm that can government demand said amount to be returned back with interest?

We have supplied material free of charge on payment of IGST.

Look forward to your valuable feedback.

Thanks in advance

[KASTURI SETHI]

Not at all.

[pritesh shah]

Dear Sir,

Thank you for your reply.

AI Summary

IGST Refund Credited for Free Export Without Forex Realization; No Obligation to Return with Interest Confirmed. An individual inquired about the possibility of obtaining an IGST refund for a free-of-charge export shipment where foreign exchange was not realized. A respondent clarified that foreign exchange realization is typically required for IGST rebate, with exceptions for certain countries like Nepal and Bhutan. The inquirer later confirmed that the IGST refund was credited to their bank account and questioned if the government might demand its return with interest. The respondent assured that there is no obligation to return the refunded amount. The discussion involved multiple exchanges confirming the refund process and regulations.