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...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
This circular clarifies the regularization of refund of IGST availed in contravention of rule 96(10) of Assam GST Rules, 2017, where exporters had imported inputs without paying integrated taxes and compensation cess. Initially, if inputs were imported without IGST and cess by availing exemption notifications, but later the exporter paid these taxes with interest and got the Bill of Entry reassessed, then the IGST paid on exports shall not be considered in contravention of rule 96(10). The explanation inserted in rule 96(10) retrospectively clarifies that exemption benefit is not considered availed if IGST and cess are paid on inputs. Hence, refund of IGST on exports can be regularized in such cases where taxes were subsequently paid on imported inputs.
This circular clarifies the regularization of refund of IGST availed in contravention of rule 96(10) of Assam GST Rules, 2017, where exporters had imported inputs without paying integrated taxes and compensation cess. Initially, if inputs were imported without IGST and cess by availing exemption notifications, but later the exporter paid these taxes with interest and got the Bill of Entry reassessed, then the IGST paid on exports shall not be considered in contravention of rule 96(10). The explanation inserted in rule 96(10) retrospectively clarifies that exemption benefit is not considered availed if IGST and cess are paid on inputs. Hence, refund of IGST on exports can be regularized in such cases where taxes were subsequently paid on imported inputs.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
