Notification No. 54/2018
Date: October 9, 2018
Subject: Amendment to Rules 89 and 96 governing refund of unutilised ITC and IGST on exports.
Description:
Rule 89(4B) is substituted to allow refund of unutilised input tax credit subject to restrictions where benefits of specified exemption notifications have been availed. Rule 96(10) is also substituted to restrict IGST refund on exports in similar cases, with limited exceptions for capital goods under EPCG scheme.
Effective Date: Date of publication in Official Gazette
Previous Notification:
Notification No. 3/2017–Central Tax dated 19.06.2017