Refund eligibility for export-related input tax credit clarified; specified notification benefits limit refund entitlement with EPCG exception. The amendment clarifies refund eligibility: unutilised input tax credit refunds for zero-rated supplies without payment are allowed where inputs were received under specified State, Central or customs notifications and cover credit on such inputs and the portion of other inputs/input services used for export. Refunds of integrated tax on exports are disallowed for persons who have availed benefits under specified Jharkhand or central notifications, except where those benefits relate to receipt of capital goods under the EPCG scheme.
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Provisions expressly mentioned in the judgment/order text.
Refund eligibility for export-related input tax credit clarified; specified notification benefits limit refund entitlement with EPCG exception.
The amendment clarifies refund eligibility: unutilised input tax credit refunds for zero-rated supplies without payment are allowed where inputs were received under specified State, Central or customs notifications and cover credit on such inputs and the portion of other inputs/input services used for export. Refunds of integrated tax on exports are disallowed for persons who have availed benefits under specified Jharkhand or central notifications, except where those benefits relate to receipt of capital goods under the EPCG scheme.
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