dear all,
can i claim refund u/s 54 of accumulated ITC on account of zero rated supply if i m claiming duty drawback on packing material.kindly reply asap..
Anita Pangotra (116 Points)
26 March 2018
Divakar
(Student CA Final )
(11857 Points)
Replied 26 March 2018
RAMESH KUMAR SINGLA
(PROFESSIONAL)
(1777 Points)
Replied 27 March 2018
Refund of ITC and duty drawback in respect of tax suffered on same goods, cannot go together, since that would amount to double benefit to the exporter. In your case, i find that you are claiming drawback on packing material and refund of ITC of tax suffered and accumulated in respect of other items. In such a situation, there is no bar and in my view, you can claim refund and drawback simultaneously.
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