Respected Experts. As per my request, my client is exporting [mango pulp] directly for which the raw material is purchased locally and gets 12% ITC.
Direct Exports without payment.
Now he is claiming refund of ITC through Form RFD-01.
The GST officer refused to give a 100% refund, instead saying that he would refund only the FOB value or the invoice value, whichever is lower.
- Invoice value [value of goods, freight value, insurance all included]
-FOB value [goods value only]
I humbly request you to help me to get 100% refund.
CAclubindia
