Refund eligibility for unutilised input tax credit on zero-rated supplies clarified, with conditions tied to notification and EPCG benefits. The amendment substitutes rule 89(4B) to allow refund of unutilised input tax credit on zero-rated supplies without payment of tax where inputs were received or customs benefits availed under specified notifications, covering credit on those inputs and proportionate credit on other inputs or input services used for export. It also substitutes rule 96(10) to bar refund claimants of integrated tax on exports from having received supplies benefiting from specified notifications or having availed certain customs benefits, with an exception for receipt of capital goods under the Export Promotion Capital Goods scheme.
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Provisions expressly mentioned in the judgment/order text.
Refund eligibility for unutilised input tax credit on zero-rated supplies clarified, with conditions tied to notification and EPCG benefits.
The amendment substitutes rule 89(4B) to allow refund of unutilised input tax credit on zero-rated supplies without payment of tax where inputs were received or customs benefits availed under specified notifications, covering credit on those inputs and proportionate credit on other inputs or input services used for export. It also substitutes rule 96(10) to bar refund claimants of integrated tax on exports from having received supplies benefiting from specified notifications or having availed certain customs benefits, with an exception for receipt of capital goods under the Export Promotion Capital Goods scheme.
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