https://www.taxtmi.com/acts?id=38645 Recovery is required when a refund of unutilised input tax credit or integrated tax for exported goods was paid but export sale proceeds were not realised within the foreign exchange realisation period; the recipient must deposit the unrecouped refund with interest within thirty days after that period or the amount will be recovered as an erroneous refund with interest. A regulator's waiver of the realisation requirement prevents recovery. If proceeds are later realised and proved within three months, the recovered amount must be refunded to the extent of realisation provided realisation fell within any permitted extension. en-us Tue, 24 Mar 2020 12:51:31 +0530 Fri, 31 Oct 2025 17:51:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38645 Recovery is required when a refund of unutilised input tax credit or integrated tax for exported goods was paid but export sale proceeds were not realised within the foreign exchange realisation period; the recipient must deposit the unrecouped refund with interest within thirty days after that period or the amount will be recovered as an erroneous refund with interest. A regulator's waiver of the realisation requirement prevents recovery. If proceeds are later realised and proved within three months, the recovered amount must be refunded to the extent of realisation provided realisation fell within any permitted extension. Act-Rules GST Tue, 24 Mar 2020 12:51:31 +0530 https://www.taxtmi.com/acts?id=38645