https://www.taxtmi.com/caselaws?id=762632 The Delhi HC allowed a petition challenging rejection of GST refund application where export proceeds were realized in Indian Rupees through a freely convertible Vostro account of a non-resident bank. The respondents clarified that refunds would not be denied if export proceeds were realized in Indian Rupees through such accounts, except for banks in Asian Clearing Union member countries, Nepal, and Bhutan. The court quashed the impugned orders dated 23 November 2022 and 25 October 2023, noting uncertainty regarding whether the relevant circular applied to all exports or specific commodities, requiring further examination by respondents. en-us Wed, 27 Nov 2024 00:00:00 +0530 Fri, 11 Jul 2025 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762632 The Delhi HC allowed a petition challenging rejection of GST refund application where export proceeds were realized in Indian Rupees through a freely convertible Vostro account of a non-resident bank. The respondents clarified that refunds would not be denied if export proceeds were realized in Indian Rupees through such accounts, except for banks in Asian Clearing Union member countries, Nepal, and Bhutan. The court quashed the impugned orders dated 23 November 2022 and 25 October 2023, noting uncertainty regarding whether the relevant circular applied to all exports or specific commodities, requiring further examination by respondents. Case-Laws GST Wed, 27 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762632