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TMI BlogRefund of accumulated ITCX X X X Extracts X X X X X X X X Extracts X X X X ..... Refund of accumulated ITC X X X X Extracts X X X X X X X X Extracts X X X X ..... C on account of continuous exports. Can they consider the value of exports made for fulfilment of export obligation against advance authorization, while claiming refund of accumulated ITC? Reply By Rajagopalan Ranganathan: The Reply: Sir, For claiming the accumulated credit due to continuous export there is no question of verifying value of exported goods. Only thing required you have to produc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e the proof export and bank realization certificate. Reply By KASTURI SETHI: The Reply: Q. Can they consider the value of exports made for fulfilment of export obligation against advance authorization, while claiming refund of accumulated ITC? Sir, Answer is NO. Disallowed by the department against such export.. Reply By Adarsh Sharma: The Reply: XYZ had imported under AA and Exported under L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... UT and intended to claim the refund under Rule 89, XYZ can consider the value of Export for Refund under Rule 89 on which is also considered as value of export for the purpose of DGFT (fulfillment of AA obligation) If XYZ is imported under AA he can not Export under Rule 96 (on payment of IGST), there is a restriction to claim the refund under Rule 96 (10) In my view XYZ can claim accumulated IT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... C as refund under Rule 89. X X X X Extracts X X X X X X X X Extracts X X X X
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