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.

AI Summary

IGST refund conditions: foreign exchange realisation is required for rebate, with limited currency exceptions; refund credited despite non realisation.
Realisation of foreign exchange is ordinarily a condition for sanction of IGST rebate; exceptions exist for certain territories where Indian currency realisation is accepted. The exporter paid IGST on free samples, reported it in the shipping bill, received an IGST refund credit despite non realisation of foreign exchange, and sought to know whether the government could later demand repayment with interest; the forum advisory replied that recovery with interest would not be required.