Refund of input tax credit: conditions for zero-rated exports clarified; exclusions apply where specified tax or customs exemptions were availed. The amendment substitutes rule 89(4B) and rule 96(10) to authorize refunds of input tax credit for inputs received under specified tax and customs notifications when used for export of goods, and to disqualify claimants who have availed certain tax or customs notification benefits except where such benefits relate to receipt of capital goods under the Export Promotion Capital Goods Scheme.
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Provisions expressly mentioned in the judgment/order text.
Refund of input tax credit: conditions for zero-rated exports clarified; exclusions apply where specified tax or customs exemptions were availed.
The amendment substitutes rule 89(4B) and rule 96(10) to authorize refunds of input tax credit for inputs received under specified tax and customs notifications when used for export of goods, and to disqualify claimants who have availed certain tax or customs notification benefits except where such benefits relate to receipt of capital goods under the Export Promotion Capital Goods Scheme.
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