Refund of input tax credit: eligibility for zero-rated exports tied to notification-based benefits and EPCG carve-out. The amendment substitutes rule 89(4B) to allow refund of unutilised input tax credit for zero-rated supplies where suppliers or importers availed specified State, Central or Customs notifications, and to permit refund of attributable input tax credit on other inputs and input services used in such exports. It also substitutes rule 96(10) to disqualify persons from integrated tax export refunds if they have received supplies or availed benefits under certain notifications, except where the benefit relates solely to receipt of capital goods under the Export Promotion Capital Goods Scheme.
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Provisions expressly mentioned in the judgment/order text.
Refund of input tax credit: eligibility for zero-rated exports tied to notification-based benefits and EPCG carve-out.
The amendment substitutes rule 89(4B) to allow refund of unutilised input tax credit for zero-rated supplies where suppliers or importers availed specified State, Central or Customs notifications, and to permit refund of attributable input tax credit on other inputs and input services used in such exports. It also substitutes rule 96(10) to disqualify persons from integrated tax export refunds if they have received supplies or availed benefits under certain notifications, except where the benefit relates solely to receipt of capital goods under the Export Promotion Capital Goods Scheme.
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