Refund of input tax credit on zero-rated exports restricted where notified benefits were availed; EPCG capital goods carve-out preserved. The Rules amend refund eligibility: refunds of unutilised input tax credit for zero-rated supplies are allowed for input tax on inputs received under specified notifications and for other inputs used in such exports; refunds of integrated tax on exports are barred where the claimant received supplies or availed benefits under certain State or Customs notifications, except where such benefit pertains solely to capital goods received under the Export Promotion Capital Goods scheme.
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Provisions expressly mentioned in the judgment/order text.
Refund of input tax credit on zero-rated exports restricted where notified benefits were availed; EPCG capital goods carve-out preserved.
The Rules amend refund eligibility: refunds of unutilised input tax credit for zero-rated supplies are allowed for input tax on inputs received under specified notifications and for other inputs used in such exports; refunds of integrated tax on exports are barred where the claimant received supplies or availed benefits under certain State or Customs notifications, except where such benefit pertains solely to capital goods received under the Export Promotion Capital Goods scheme.
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