- Gujarat High Court ruled that refund of unutilised compensation cess ITC is allowed when goods are exported on payment of IGST.
- The Court held that since exported goods are not subject to compensation cess, the unutilised credit must be refunded as per law.
- The Court quashed the rejection orders and directed authorities to process the refund.
- The judgment emphasized that statutory provisions override any conflicting circulars.
Source: taxscan.in
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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