Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
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This circular prescribes the mechanism for refund of additional Integrated Tax (IGST) paid by exporters on account of upward revision in price of exported goods subsequent to exports. Exporters can file refund application in FORM GST RFD-01 electronically on the common portal, which will be processed by the jurisdictional GST officer. Required documents include copy of shipping bill, invoices, contracts indicating price revision, proof of additional IGST payment, foreign remittance details, and chartered accountant certificate. The proper officer shall verify the revised value, foreign exchange remittance, and IGST payment before granting refund through FORM GST RFD-06. In case of downward price revision, the exporter must deposit the excess refund received along with interest. The time limit for filing refund is two years from the relevant date.
This circular prescribes the mechanism for refund of additional Integrated Tax (IGST) paid by exporters on account of upward revision in price of exported goods subsequent to exports. Exporters can file refund application in FORM GST RFD-01 electronically on the common portal, which will be processed by the jurisdictional GST officer. Required documents include copy of shipping bill, invoices, contracts indicating price revision, proof of additional IGST payment, foreign remittance details, and chartered accountant certificate. The proper officer shall verify the revised value, foreign exchange remittance, and IGST payment before granting refund through FORM GST RFD-06. In case of downward price revision, the exporter must deposit the excess refund received along with interest. The time limit for filing refund is two years from the relevant date.
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