https://www.taxtmi.com/article/detailed?id=15664 Section 16 treats physical exports as zero rated and, until 30/09/2023, treated SEZ supplies as zero rated irrespective of purpose; from 01/10/2023 SEZ zero-rating requires supplies to be for authorized operations. Section 16(2) limits ITC denial to only section 17(5) of the CGST Act. Section 16(3) earlier allowed choice of bond/LOU without payment and refund of unutilized ITC or payment of IGST with refund; post-amendment refunds must follow section 54 and include repayment with interest if export proceeds are not realized. Sections 16(4) and 16(5) deal with notifications and bar refunds where export duty applies. en-us Sat, 27 Dec 2025 10:00:05 +0530 Sat, 27 Dec 2025 10:00:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15664 Section 16 treats physical exports as zero rated and, until 30/09/2023, treated SEZ supplies as zero rated irrespective of purpose; from 01/10/2023 SEZ zero-rating requires supplies to be for authorized operations. Section 16(2) limits ITC denial to only section 17(5) of the CGST Act. Section 16(3) earlier allowed choice of bond/LOU without payment and refund of unutilized ITC or payment of IGST with refund; post-amendment refunds must follow section 54 and include repayment with interest if export proceeds are not realized. Sections 16(4) and 16(5) deal with notifications and bar refunds where export duty applies. Articles Goods and Services Tax - GST Sat, 27 Dec 2025 10:00:05 +0530 https://www.taxtmi.com/article/detailed?id=15664