Delhi HC questions necessity of bond & bank guarantee for 'zero-rated supplies' viz. exports

Delhi HC to consider the necessity of furnishing bond and bank guarantee in case of exports in terms of Rule 96A of CGST Rules r/w CBEC Circular No. 4/4/2017-GST; As per Section 16 of IGST Act, exports qualify as 'zero rated supplies' and according to the petitioner, it must necessarily furnish bond with bank guarantee to avail Input Tax Credit; Petitioner is web developer and IT software solution services provider in international and domestic markets, having export turnover...