https://www.taxtmi.com/acts?id=22446 Unutilized Input Tax Credit is refundable only where: exports of goods on which export duty is not payable; exports of services; or credit accumulation due to the input tax rate exceeding the output tax rate. Refunds are therefore confined to exports and tax-rate-induced accumulated credits rather than general unused credits. en-us Thu, 22 Sep 2016 17:46:43 +0530 Thu, 22 Sep 2016 17:46:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=22446 Unutilized Input Tax Credit is refundable only where: exports of goods on which export duty is not payable; exports of services; or credit accumulation due to the input tax rate exceeding the output tax rate. Refunds are therefore confined to exports and tax-rate-induced accumulated credits rather than general unused credits. Act-Rules Bills Thu, 22 Sep 2016 17:46:43 +0530 https://www.taxtmi.com/acts?id=22446