High Court Clarifies ITC Disallowance u/s 18(1)(e) Applies Only to Exempted Goods, Not SEZ or Export Transactions.

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....Disallowance of Input Tax Credit - u/s 18(1)(e) only the 'exempted goods', have been taken out of the purview of ITC and not person or class of persons or sale or purchases for promoting Special Economic Zones or exports u/s 8(3), (3A) or (4) - HC....