Export Benefit under MEIS and Refund of ITC accumulated due to exports w/o payment of IGST

[Vinay Kunte]

We are Manufacturers of Readymade Garments are exporting Goods w/o payment of IGST, which is resulting in ITC accumulation. We are also claiming Benefit under MEIS and had also claimed benefit under RoSL as well as Duty Drawback.

Can we get these multiple benefits as exports by claim of Refund of Accumulated ITC or we need to reverse the ITC availed?

AI Summary

Garment Exporter Explores MEIS, RoSL, Duty Drawback Benefits; Experts Suggest Inverted Duty Structure Refunds and RoDTEP Scheme A manufacturer of readymade garments inquired about claiming multiple export benefits, such as MEIS, RoSL, and Duty Drawback, while exporting goods without IGST payment, leading to ITC accumulation. Experts advised that refunds could be claimed under the Inverted Duty Structure scheme. The MEIS scheme was discussed, with a suggestion to consider the RoDTEP scheme as a replacement. It was noted that export with IGST payment might be more beneficial, but decisions should be made on a case-by-case basis, considering the nature of expenses and accumulated credits.