This circular provides a mechanism for claiming refund of additional Integrated Tax (IGST) paid when the export price of goods is revised upward after the export has taken place. It addresses exporters’ concerns about the absence of a system to claim refunds of such additional IGST payments.

It clarifies that exporters who pay extra IGST due to post-export price revision can now file refund claims electronically in FORM GST RFD-01 under the new category added through Notification No. 12/2024–CT dated 10th July 2024. Until a separate category is enabled, exporters may file under “Any other” with remarks specifying the purpose. Refunds will be processed by the jurisdictional GST officer instead of customs.

Refund applications must be supported by documents such as shipping bills, revised invoices or debit notes, proof of payment of additional IGST and interest, contracts showing the need for price revision, and evidence of additional foreign exchange remittance. A Chartered Accountant’s certificate confirming the same is also required.

Refunds must be claimed within two years from the relevant date and will not be issued if the claim amount is below ₹1,000. Conversely, in case of downward price revision, exporters must repay the proportionate IGST refund received earlier, along with applicable interest.