refund of accumulated ITC in case of export.

[bk r]

The client is engaged in manufacturing of goods and clear the goods in domestic market and as well as export . the party get the advance authorisation licence and get the goods imported without BCD,SAD, CVD, Cess etc before the GST regime. The Export was made in the month of July 2017 under advance authorisation scheme . the party has also manufactured and cleared the goods in domestic market and also availed ITC in respect of goods purchased during the month of JULY 2017 in their manufacturing unit. whether the party can claim refund of unclaimed ITC for the period of JULY 2017 in case they exported the goods under advance authorisation licence .The goods under advance authorisation were imported prior to GST regime and the same were used for manufacturing of goods which were export in the month of July 2017.

AI Summary

Client Queries on Refund of Unclaimed ITC for July 2017 Exports Under Advance Authorization Scheme; Consider Advance Ruling A client involved in manufacturing and exporting goods queried about claiming a refund of unclaimed Input Tax Credit (ITC) for July 2017. The goods were exported under an advance authorization scheme, with imports made before the GST regime. One response affirmed the possibility of claiming the refund, while another highlighted ambiguities in the notification language, suggesting seeking an advance ruling. A third response agreed with seeking an advance ruling, indicating a favorable outcome for the client.