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

Refund of accumulated ITC or export with IGST payment - choose route based on credit nature and incentive interaction.
Where ITC accumulates from zero-rated exports, exporters may either claim refund of accumulated ITC under the inverted duty structure or elect to export with payment of IGST and seek refund, with the preferable route determined case-by-case based on the nature of credits; interactions with export incentive schemes such as RoSCTL/RoDTEP and duty drawback require specific analysis.