Rule 5 read with notification 27/2012

[kiran y]

Dear all,

1. In the case of 100% EOU who are only into services, should Total turnover as per notification include exportsbilled but not realised ? can cenvat credit on which refund couldnt be claimed in the present quarter be transferred to the next quarter.
2. Can SEZ file refund under Notification no 27/2012 though there is a specific Notification No.40/2012, as the former notification doesnt specifically prohibit SEZ from claiming refund.

[DR.MARIAPPAN GOVINDARAJAN]

Have you got clarified in the above said issue? If not please inform.

[MUNIRAJ SRINIVASAN]

Dear Shri Govindarajan,

Could you please share your views.

Thanks.

AI Summary

Refund eligibility for export-oriented units questioned: billed but unrealised exports and cenvat credit carry forward under notification framework. Query concerns whether Total Turnover for a 100% services EOU includes exports billed but not realised and whether Cenvat Credit not refundable in the present quarter can be carried forward, and whether SEZ units may claim refunds under Notification 27/2012 despite Notification 40/2012 existing; forum participants sought clarification without providing a conclusive interpretation.