The court ruled that a CBIC circular on deemed exports cannot block ITC refunds for actual exporters. Refunds under Section 54(3) must follow the statute when no deemed export benefits are ...
The authority rejected the refund citing non-submission of LUT before export. The court found that the clarification allowing ex post facto LUT was ignored and ordered ...
The government will expand the list of items eligible for the simplified lump-sum refund system and increase the refund rate starting January 1 of next year to support small and medium-sized ...