Refund of output stage to advance authorization holders and EOUs – Impact of Cosmo Films ruling and way forward for exporters
NITYA Tax Associates is proud to present their recent write-up in the ‘Article’ series on trending indirect tax issues.
Article 56 – “Refund of output stage to advance authorization holders and EOUs – Impact of Cosmo Films ruling and way forward for exporters”
Since inception of GST, the interplay between GST and Customs laws has been a mystery for exporter community. Regular amendments and restrictions in Customs and FTP have led to multiple controversies hovering over them. The recent shock to exporters has come in the face of High Court ruling of Cosmo Films v. UOI, 2020-VIL-514-GUJ, where the Gujarat High Court held the amendment restricting IGST refund on exports made by Advance Authorisation Holders and EOUs will be retrospective in nature.
Through this article, Our Partner, Mr. Deepak Suneja, Managing Associate, Ms. Aasmee Mangla and Senior Associate, Ms. Anshika Agarwal have discussed correctness of Cosmo decision and way forward for exporters.
Please click below to read our latest article titled “Refund of output stage to advance authorization holders and EOUs – Impact of Cosmo Films ruling and way forward for exporters“ on the issue.
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