Input tax credit certification requirement for exported inputs: chartered accountant certificate to confirm use in taxable supplies. Where input tax credit was availed on inputs used to manufacture exported goods that are subsequently supplied, those goods must be used in the manufacture and supply of taxable goods (excluding nil-rated or fully exempt supplies) and a chartered accountant's certificate to that effect must be submitted to the jurisdictional Deputy Commissioner of State Tax or authorised officer within a limited period; no certificate is required if input tax credit was not availed. The amendment also removes the words 'on pre-import basis' from the Explanation.
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Input tax credit certification requirement for exported inputs: chartered accountant certificate to confirm use in taxable supplies.
Where input tax credit was availed on inputs used to manufacture exported goods that are subsequently supplied, those goods must be used in the manufacture and supply of taxable goods (excluding nil-rated or fully exempt supplies) and a chartered accountant's certificate to that effect must be submitted to the jurisdictional Deputy Commissioner of State Tax or authorised officer within a limited period; no certificate is required if input tax credit was not availed. The amendment also removes the words "on pre-import basis" from the Explanation.
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