Input tax credit condition: exported goods must be reused in taxable manufacture and backed by a chartered accountant certificate. The amendment requires that goods supplied after exports made with input tax credit must be used in manufacture and supply of taxable goods (excluding nil-rated or fully exempted goods) and be supported by a chartered accountant certificate submitted to the jurisdictional commissioner or authorised officer within six months; no certificate is required if input tax credit was not availed. The amendment also omits the words 'on pre-import basis' from the Explanation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input tax credit condition: exported goods must be reused in taxable manufacture and backed by a chartered accountant certificate.
The amendment requires that goods supplied after exports made with input tax credit must be used in manufacture and supply of taxable goods (excluding nil-rated or fully exempted goods) and be supported by a chartered accountant certificate submitted to the jurisdictional commissioner or authorised officer within six months; no certificate is required if input tax credit was not availed. The amendment also omits the words "on pre-import basis" from the Explanation.
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