HC: Allows refund of IGST on zero-rated export despite grant of drawback

Kerala HC holds the assessee, an exporter, entitled for refund of IGST paid in cash despite the grant of drawback of the Central Excise component; Finding merit in assessee’s reliance on Amit Cotton Industries, observes that assessee’s entitlement is not disputed by Revenue; Notes that Revenue have consented on Court’s suggestion for adjusting the higher rate of duty drawback availed by assessee; Further states that on failure to abide by the time stipulated, ...