https://www.taxtmi.com/article/detailed?id=9349 The note explains that exporters may claim refunds either under a Letter of Undertaking or after payment of integrated tax, and that a rule requires repayment of refunded amounts to the extent export proceeds are not realized within the period specified under foreign exchange law. The banking regulator's extension of the realization period alters the timeframe for repayment and re availment of credit. The piece highlights a legal tension because the export refund regime for goods does not make inward remittance a precondition, and therefore conditioning refunds on realization may exceed the taxation statute's scope. en-us Wed, 15 Jul 2020 10:17:49 +0530 Wed, 15 Jul 2020 10:17:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9349 The note explains that exporters may claim refunds either under a Letter of Undertaking or after payment of integrated tax, and that a rule requires repayment of refunded amounts to the extent export proceeds are not realized within the period specified under foreign exchange law. The banking regulator's extension of the realization period alters the timeframe for repayment and re availment of credit. The piece highlights a legal tension because the export refund regime for goods does not make inward remittance a precondition, and therefore conditioning refunds on realization may exceed the taxation statute's scope. Articles Goods and Services Tax - GST Wed, 15 Jul 2020 10:17:49 +0530 https://www.taxtmi.com/article/detailed?id=9349