Refund of input tax credit on exports clarified, including ITC from state incentivised supplies and EPCR scheme exception. Amendments to Rules 89 and 96 clarify that refunds of unutilised input tax credit on zero rated supplies shall include ITC on inputs received under specified State incentive notifications and ITC on other inputs to the extent used for exports; refunds of integrated tax on exports are barred where the claimant received supplies benefiting from specified State notifications, except for capital goods received under the Export Promotion Capital Goods Scheme or related State notification.
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Provisions expressly mentioned in the judgment/order text.
Refund of input tax credit on exports clarified, including ITC from state incentivised supplies and EPCR scheme exception.
Amendments to Rules 89 and 96 clarify that refunds of unutilised input tax credit on zero rated supplies shall include ITC on inputs received under specified State incentive notifications and ITC on other inputs to the extent used for exports; refunds of integrated tax on exports are barred where the claimant received supplies benefiting from specified State notifications, except for capital goods received under the Export Promotion Capital Goods Scheme or related State notification.
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