https://www.taxtmi.com/article/detailed?id=12985 Rule 96(10) disqualifies persons who have availed specified customs notification benefits from claiming integrated tax refunds via the shipping bill refund mechanism; the Explanation limits that disqualification only where IGST and compensation cess were paid on inputs and only Basic Customs Duty was exempted. Courts and authorities have construed partial exemptions as availing the benefit and disqualifying exporters. Circular 233/27/2024 GST grants conditional relief by permitting amendment of Bills of Entry, payment of IGST and compensation cess with interest, and customs approval to avoid recovery, while the recommended compliance route is to seek refund of unutilised input tax credit under the zero rated refund mechanism. en-us Thu, 03 Oct 2024 07:26:50 +0530 Thu, 03 Oct 2024 07:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12985 Rule 96(10) disqualifies persons who have availed specified customs notification benefits from claiming integrated tax refunds via the shipping bill refund mechanism; the Explanation limits that disqualification only where IGST and compensation cess were paid on inputs and only Basic Customs Duty was exempted. Courts and authorities have construed partial exemptions as availing the benefit and disqualifying exporters. Circular 233/27/2024 GST grants conditional relief by permitting amendment of Bills of Entry, payment of IGST and compensation cess with interest, and customs approval to avoid recovery, while the recommended compliance route is to seek refund of unutilised input tax credit under the zero rated refund mechanism. Articles Customs - Import - Export - SEZ Thu, 03 Oct 2024 07:26:50 +0530 https://www.taxtmi.com/article/detailed?id=12985