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of <h1>High Court Rules in Favor of Textile Manufacturer for ITC Refunds on Inverted Duty Structure and Zero-Rated Exports.</h1> The High Court addressed three writ petitions involving refund claims of Input Tax Credit (ITC) under the GST regime, focusing on an inverted duty structure and zero-rated exports. The petitioner, a textile manufacturer, argued that the tax on raw materials exceeded that on finished products, leading to unutilized ITC. Although previous IGST refund claims for exports were approved, the ITC refund was denied. The Court found the rejection unjustified, emphasizing that zero-rated export refunds do not negate ITC refund claims. It quashed the deficiency memos, allowing the petitioner to submit further documentation, and directed the respondent to reassess the claims.
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