Sir,
We have imported few machineries Under EPCG lisence without payment of duty and IGST and use along with machineries purchased localy to make textile goods for exports.
Few consignments already exported with IGST payment and we have recieved Refund from on paid IGST. We have used our accumalated GST credit to set of taxes while filing GSTR 3B. Is there is any restrictions to export goods if we availed EPCG lisence ? What happenes when the in this case if the export obligation is full filled?
Company Can Export Goods Under EPCG License, Claim IGST Refunds; No Restrictions Per CGST Rule 96(10) A company imported machinery under an EPCG license without paying duty and IGST, using it alongside locally purchased machinery to produce textile goods for export. They have exported some consignments with IGST payment and received refunds. The company used accumulated GST credit to offset taxes in GSTR 3B filings. They inquired about restrictions on exporting goods under an EPCG license and implications if the export obligation is fulfilled. A respondent clarified that goods can be exported with tax payment and a refund can be claimed, with no restrictions, referencing Rule 96(10) of the CGST Rules. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
