https://www.taxtmi.com/caselaws?id=370542 The Authority for Advance Ruling (AAR) clarified that GST is applicable on the sale and/or purchase of Duty-Free Import Authorization (DFIA) licenses as they do not qualify as "Duty Credit Scrips." Despite similarities in export incentives, the AAR highlighted differences in issuance, usage, and conditions between DFIA licenses and Duty Credit Scrips, concluding that DFIA licenses do not merit the GST exemption granted to the latter. Therefore, the AAR ruled that GST is applicable on transactions involving DFIA licenses. en-us Mon, 06 Aug 2018 00:00:00 +0530 Wed, 05 Mar 2025 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370542 The Authority for Advance Ruling (AAR) clarified that GST is applicable on the sale and/or purchase of Duty-Free Import Authorization (DFIA) licenses as they do not qualify as "Duty Credit Scrips." Despite similarities in export incentives, the AAR highlighted differences in issuance, usage, and conditions between DFIA licenses and Duty Credit Scrips, concluding that DFIA licenses do not merit the GST exemption granted to the latter. Therefore, the AAR ruled that GST is applicable on transactions involving DFIA licenses. Case-Laws GST Mon, 06 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370542