We are into automobile sector and has procured goods , locally and imported . We have availed GST credit on the same, also part of import material has come under Advance Licences and EPCG Licences both . We are exporting our final product with payment of IGST as per rule 96. and getting refund of the same.
Afain,As per Rule 96(10) ,it restrict the importer to take IGST refund if the assesse has availed benefit notification 48/2017 except if assesee has bought goods under EPCG Licences.
Howeever , as we have procured goods both under EPCG and advance licences, if the restriction is applied to us also?
05 March 2020
The following link will help you to get clarity on this issue:- https://www.lakshmisri.com/insights/articles/pre-import-condition-and-rule-96-10-misplaced-comforts-and-gst-implications-for-advance-authorization-holders/#
10 March 2020
Rule 96(10 ) is not in favour of a genuine exporter, as we have already taken refund of a good amount . but not we want to shift to Rule 89 after knowing the said rule , can u please guide . Weather any chances of receiving the notice from department ? Also when govt. is sanctioning IGST refund, it must be getting scrutinized at department level ?
CAclubindia
