https://www.taxtmi.com/caselaws?id=234560 Under the zero-rating scheme in the Tamil Nadu Value Added Tax Act, a dealer making export sales is entitled to refund of input tax credit on purchases, including capital goods, where the statutory export conditions are satisfied. The court held that the assessee could claim refund of the tax actually paid and that the revenue had no power to reduce the claim suo motu by applying a lower rate not supported by the statute. As the dealer had paid tax at 12.5% on the purchases used for exports, the restriction of refund to 4% was unsustainable and the reduced-refund orders were quashed. en-us Thu, 21 Mar 2013 00:00:00 +0530 Fri, 25 Jul 2014 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234560 Under the zero-rating scheme in the Tamil Nadu Value Added Tax Act, a dealer making export sales is entitled to refund of input tax credit on purchases, including capital goods, where the statutory export conditions are satisfied. The court held that the assessee could claim refund of the tax actually paid and that the revenue had no power to reduce the claim suo motu by applying a lower rate not supported by the statute. As the dealer had paid tax at 12.5% on the purchases used for exports, the restriction of refund to 4% was unsustainable and the reduced-refund orders were quashed. Case-Laws VAT and Sales Tax Thu, 21 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234560