AAR: Allows ITC of GST paid on Import of iron-ore for processing, denies refund of unutilized ITC

Goa AAR holds the applicant liable to GST on iron ore imported into India for processing as per Section 3 of Customs Tariff Act, 1975 on the value as determined under Customs Act, 1962 at the point when duties of customs are levied on goods u/s 12 of Customs Act, 1962; Regarding applicability of Exemption Notification No. 32/97-Cust., explicates that same is not issued under Goa GST Act or under CGST Act or IGST Act, “hence this Authority has no jurisdiction”; Since goods...