Home Case Index All Cases GST GST + HC GST - 2021 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (5) TMI 419 - DELHI HIGH COURTRefund of input tax credit in respect of tax paid on purchase of goods utilized for export - Delay in receipt of Convertible foreign exchange - Petitioner also seeks a direction for payment of interest by the respondents - HELD THAT:- The petitioner’s claim for refund is pivoted on the provisions of Section 16 of the Integrated Goods and Service Tax Act, 2017 - A perusal of Section 8 of FEMA would show that, it calls upon the concerned person to take “reasonable steps” for realisation and repatriation of foreign exchange proceeds. In this case, the realisation and repatriation of foreign exchange involves proceeds from goods exported by the petitioner. Furthermore, nothing has been shown by Mr. Singh, which would connect the provisions of Section 8 of the FEMA with Section 16 of the IGST Act. The matter requires further examination - Issue notice.
|