Non relisation of export proceeds within FEMA time recovery of refund of unultilsed input tax credit of IGST paid on export of goods [Rule 96B of CGST Ruels]

Non relisation of export proceeds within FEMA time recovery of refund of unultilsed input tax credit of IGST paid on export of goods [Rule 96B of CGST Ruels] https://www.taxtmi.com/manuals?id=2553 Where refund of unutilised input tax credit or integrated tax on exported goods has been paid but export sale proceeds are not realised within the FEMA period (including extensions), the recipient must deposit, within thirty days of expiry, the portion of the refund corresponding to non realisation with interest; otherwise the amount is recoverable as an erroneous refund under the Act with interest under section 50. If proceeds are realised later and evidence is produced within three months, the recovered amount shall be refunded to the extent of realisation, provided realisation fell within any RBI extended period. en-us Fri, 31 Mar 2023 17:10:00 +0530 Wed, 16 Oct 2024 18:08:00 +0530 TaxTMI RSS Generator Non relisation of export proceeds within FEMA time recovery of refund of unultilsed input tax credit of IGST paid on export of goods [Rule 96B of CGST Ruels] https://www.taxtmi.com/manuals?id=2553 Where refund of unutilised input tax credit or integrated tax on exported goods has been paid but export sale proceeds are not realised within the FEMA period (including extensions), the recipient must deposit, within thirty days of expiry, the portion of the refund corresponding to non realisation with interest; otherwise the amount is recoverable as an erroneous refund under the Act with interest under section 50. If proceeds are realised later and evidence is produced within three months, the recovered amount shall be refunded to the extent of realisation, provided realisation fell within any RBI extended period. Manuals GST Fri, 31 Mar 2023 17:10:00 +0530 https://www.taxtmi.com/manuals?id=2553