DECLARATION UNDER NOTFN 16/2020 (CT) FOR CLAIMING GST REFUND ON EXPORTS

[CHANDRU RAMACHANDRAN]

As per Central Tax Notification 16/2020, the turnover declared for zero rated value of exports should be 1.5 times of the value of similar product sold in domestic market (or) the actual value of export whichever is less. Understand that dept., is seeking a Declaration from the refund applicant to process the claim application. The Notification given by the Board does not hold any format attached. I request the experts or regular refund applicants, who has such declaration format, to share the same over here.

[Shilpi Jain]

The Format is nothing very technical.You can just have a letter which states to whomsoever it may concern and mention there in the declaration required which can be as per the provision which is there in the law in the rules

AI Summary

Zero-rated export valuation requirement: a simple declaration of export versus domestic value supports GST refund processing.
Notification 16/2020 requires exporters claiming GST refund on zero-rated supplies to declare export turnover as the lower of actual export value and a prescribed benchmark multiple of domestic sale value for similar goods; the notification contains no prescribed format, and a simple declaration addressed "to whomsoever it may concern" stating the factual basis and legal provision relied upon is ordinarily sufficient for processing refund claims.