CBIC clarifies IGST Refunds allowed on Exports even after Availing Import Benefits, If IGST and Cess Paid later with Interest [Read Circular]

If inputs initially imported under notification benefits are later paid IGST and compensation cess with interest and reassessed by customs, the IGST refunded on exports will not breach sub-rule (10) of rule 96 of CGST Rules
CBIC - IGST Refunds - Exports - Availing Import Benefits - IGST - Cess Paid - Interest - taxscan

The Central Board of Indirect Taxes and Customs ( CBIC ) has clarified that exporters may be eligible for Integrated Goods and Services Tax ( IGST ) refunds on exports, even if they initially availed of concessional import benefits under customs notifications, provided that IGST and compensation cess on these inputs are subsequently paid with…

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