https://www.taxtmi.com/forum/issue?id=118485 Difference between domestic and export prices can trigger scrutiny of export valuation and refund claims under GST. Rule 89(4)(c) sought to cap zero-rated turnover by reference to domestic value, but a High Court quashed that provision as ultra vires. Transaction value (invoice supported by contracts and export documentation) remains the primary basis for valuation and refund entitlement, contingent on realisation evidenced by BRCs; unsupported higher export declarations can lead to recovery of excess refunds, interest and penalties and may prompt customs verification. en-us Sun, 16 Apr 2023 21:41:25 +0530 Thu, 23 Jan 2025 15:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118485 Difference between domestic and export prices can trigger scrutiny of export valuation and refund claims under GST. Rule 89(4)(c) sought to cap zero-rated turnover by reference to domestic value, but a High Court quashed that provision as ultra vires. Transaction value (invoice supported by contracts and export documentation) remains the primary basis for valuation and refund entitlement, contingent on realisation evidenced by BRCs; unsupported higher export declarations can lead to recovery of excess refunds, interest and penalties and may prompt customs verification. Discussion-Forum GST Sun, 16 Apr 2023 21:41:25 +0530 https://www.taxtmi.com/forum/issue?id=118485