Eye Share: Non-Realisation of Export Proceeds for Goods - Impact on Exports Made Prior to Rule 96B

Of late, the Indian export community has been witnessing stringent regulations under the GST law and adding to the list of such regulations, another blow to export community impacting goods exporters was the recovery of refund on account of non-realisation of forex. This Rule amended vide Notification No. 16/2020 comes with its own set of limitations, one on validity of the regulation itself and the other on manner of applying the Rule in practice.Author Sai Ku...