TMI Blog2021 (3) TMI 235X X X X Extracts X X X X X X X X Extracts X X X X ..... sale effected to 100% EOU, a dealer is entitled to adjust the Input Tax Credit or claim refund under sub clause (2) to Section 18. The petitioner has opted to adjust the Input Tax Credit. The petitioner has not opted to claim the refund of Input Tax Credit subject on the sale effected to 100% EOU under sub clause (2) to Section 18. The impugned orders passed by the respondent holding that the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se of the petitioner is that the petitioner effected sales to 100% EOU which are zero rated sale under Section 18 of the TNVAT Act, 2006. As per Section 18(2), a dealer, who makes zero rate sale, shall be entitled to refund of input tax paid by him on purchase of those goods, which are exported as such or consumed or used in the manufacture of other goods that are exported as specified in sub-se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Added Tax, 2007 does not arise. 6. I have considered the argument of the learned counsel for petitioner and learned counsel for the respondent. I have also perused Section 18 of the TNVAT, Act 2006. It is very clear. There are two options available under the scheme of Section 18. In respect of sale effected to 100% EOU, a dealer is entitled to adjust the Input Tax Credit or claim refund under ..... X X X X Extracts X X X X X X X X Extracts X X X X
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