CBIC explains procedure for refund claim processing by retail outlets at airports

CBIC issues Circular specifying the conditions, manner and procedure for filing and processing of refund claims of taxes paid on inward supply of indigenous goods by retail outlets established at departure area of the international airport; Explains that the refund to be granted to retail outlets is not on account of the accumulated ITC but is a refund based on the invoices of inward supplies of indigenous goods received by them while clarifying that no refund of tax pai...