Clarification on refunds under exports without payment of tax

[Rajendra Prasad]

Total sales value of exports without payment of tax under LUT-10Cr

Out of the above 5Cr value of exports(We recd goods from 0.1% sales under notification no.40/2017 Central Tax(Rate) dated on 23/10/2017)

Am I eligible for refund under exports without payment of tax under LUT on 10Cr under rule 89(4) of CGST rules, 2017???

AI Summary

Refund of unutilised input tax credit available for zero rated exports under LUT despite supplier notification benefits.
Refund of unutilised input tax credit is available where zero-rated exports are made under a Letter of Undertaking and inputs were received on which the supplier availed a supplier notification benefit; the credit for those inputs and the proportionate credit for other inputs and input services used in making such exports shall be granted. The entitlement to claim unutilised ITC refund under LUT is not restricted by the supplier notification benefit, whereas claiming refund of tax paid on exports follows separate restricted provisions.