No refund of unutilised input tax credit where input tax rate exceeds output rate for specified goods. No refund of unutilised input tax credit is prescribed for specified goods where credit accumulates because input tax rates exceed output tax rates (excluding nil-rated or fully exempt supplies); the notification identifies affected tariff items and chapters by reference to the First Schedule to the Customs Tariff Act, 1975, and applies the First Schedule's interpretative rules to determine coverage.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
No refund of unutilised input tax credit where input tax rate exceeds output rate for specified goods.
No refund of unutilised input tax credit is prescribed for specified goods where credit accumulates because input tax rates exceed output tax rates (excluding nil-rated or fully exempt supplies); the notification identifies affected tariff items and chapters by reference to the First Schedule to the Customs Tariff Act, 1975, and applies the First Schedule's interpretative rules to determine coverage.
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