Clarification regarding regularization of refund of IGST availed in contravention of rule 96(10) of RGST Rules, 2017, in cases where the exporters had imported certain inputs without payment of integrated taxes and compensation cess.

Clarification regarding regularization of refund of IGST availed in contravention of rule 96(10) of RGST Rules, 2017, in cases where the exporters had imported certain inputs without payment of integrated taxes and compensation cess. https://www.taxtmi.com/circulars?id=70604 IGST refund on exports is not treated as barred under rule 96(10) where inputs were initially imported without IGST and compensation cess under specified exemption notifications, but those levies are subsequently paid with interest. The retrospective explanation treats notification benefits as not availed when IGST and compensation cess are paid and only basic customs duty exemption is retained. The relevant Bill of Entry must be reassessed by jurisdictional customs authorities to reflect the payment. en-us Fri, 27 Sep 2024 00:00:00 +0530 Fri, 31 Jul 2026 17:54:44 +0530 TaxTMI RSS Generator Clarification regarding regularization of refund of IGST availed in contravention of rule 96(10) of RGST Rules, 2017, in cases where the exporters had imported certain inputs without payment of integrated taxes and compensation cess. https://www.taxtmi.com/circulars?id=70604 IGST refund on exports is not treated as barred under rule 96(10) where inputs were initially imported without IGST and compensation cess under specified exemption notifications, but those levies are subsequently paid with interest. The retrospective explanation treats notification benefits as not availed when IGST and compensation cess are paid and only basic customs duty exemption is retained. The relevant Bill of Entry must be reassessed by jurisdictional customs authorities to reflect the payment. Circulars GST - States Fri, 27 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70604