Eye Share: Government’s New Tool to Double-Check Refund for Exporter of Goods – Rule 89 (4)
Giving a different perspective on the issue, Deepti Ahuja (Vice President - Global Sales, Business Development and Indirect Tax, Nexdigm) interprets that the amendment focuses on the ‘value’ of goods or like goods and therefore, the computation of the refund and the restriction of 1.5 times has to be product specific, and not turnover specific. The author believes that the amendment appears to be brought in with an intent to create a level playing...