AAR: IGST refund cannot be availed where goods procured by exporter availing concessional rate

Karnataka AAR holds that the persons who have procured goods by utilizing the benefit of Notification No. 40/2017 – Central Tax (Rate) are not eligible to claim refund of the IGST paid on exports as per Rule 96(10) of the CGST Rules, 2017 from October 23, 2017, irrespective of other transactions made by such person; Said Notification allows a registered exporter to procure goods at a concessional rate of 0.10%; Remarks that, “restriction is on the persons claiming refunds...