Chowgule & Co Pvt. Ltd ., In re
Date: May 21, 2019
Subject Matter
No refund of unutilised input tax credit shall be allowed in cases where the goods exported out of India are subjected to export duty
Summary
Q) Whether IGST at 5% of assessable value is applicable on import of iron for conversion into pellets and export the resultant product (Iron ore pellets) back to the same supplier in view of the fact that import duty is not applicable in view of the…
The present application has been filed under section 97 of the Goa Goods and Services Tax Act, 2017 and the Central Goods and Services Tax, Act 2017 (hereinafter referred to as the SGST Act and CGST Act) by M/s Chowgule & Co Pvt. Ltd., Chowgule House, Mormugao Harbour, Goa — 403803 seeking an Advance Ruling in respect of the following question: “Whether IGST at 5% of assessable val…