TMI BlogRejection of refund claim - Ideally, credit should be reversed as and when export takes place; however,...Rejection of refund claim - Ideally, credit should be reversed as and when export takes place; however, with eligibility for refund arising only upon receipt of proceeds of export and the scheme having provided for filing of claim within a year thereafter, the dilution of ideal by shift to the quarter in which the claim is preferred is acceptable approximation. - the appellant is, squarely and singularly, responsible for failure to furnish proof of the required availability of credit till the da..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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