https://www.taxtmi.com/article/detailed?id=5754 Rule 5 of the Cenvat Credit Rules apportions refundable credit by multiplying net cenvat credit by the ratio of export turnover (requiring both service provided and consideration received by quarter end) to total turnover (export turnover plus value of other services in the relevant period). This creates two interpretive outcomes: full refund for pure exporters when numerator equals denominator, or restricted refund when the numerator is confined to realised receipts while the denominator includes billed but unrealised export value, necessitating potential carry forward of credits and raising procedural disputes. en-us Wed, 30 Jul 2014 07:46:21 +0530 Wed, 30 Jul 2014 07:46:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5754 Rule 5 of the Cenvat Credit Rules apportions refundable credit by multiplying net cenvat credit by the ratio of export turnover (requiring both service provided and consideration received by quarter end) to total turnover (export turnover plus value of other services in the relevant period). This creates two interpretive outcomes: full refund for pure exporters when numerator equals denominator, or restricted refund when the numerator is confined to realised receipts while the denominator includes billed but unrealised export value, necessitating potential carry forward of credits and raising procedural disputes. Articles Service Tax Wed, 30 Jul 2014 07:46:21 +0530 https://www.taxtmi.com/article/detailed?id=5754