refund on accumulated ITC on export of medicine
Query (Issue) Started By: – BalKrishan Rakheja Dated:- 24-3-2018 Last Reply Date:- 25-3-2018 Goods and Services Tax – GST
Got 4 Replies
GST
A manufacutrer (Ltd Company) having one unit in Panchkula and another in Baddi (HP) (same name and same PAN) and engaged both are in manufacturing of medicine. Unit situated at Panchkula purchased the medicine from their Badi unit on payment of IGST and exported the same from the Panchkula premises in the same packing on same day after availing the ITC on these finished goods. The party export these goods (medicine) under LUT and now filed refund for accumulated ITC. on perusal of time of clearance invoices it also found that the difference of
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-15 MINUTES TO REACH FROM BADDI TO PANCHKULA.
Reply By KASTURI SETHI:
The Reply:
Point-wise reply is as under:-
(1) Yes.
(2) Yes.
(3) Sometimes timing set on the computer creates such problem. You are right to the extent that it is practically not feasible to reach the goods between 15-20 minutes. Journey takes more than one hour between Panchkula and Baddi. However, if your transaction is genuine, nothing to worry. Other supporting documents will come to your rescue i.e. Export docs, receipt of goods by foreign buyer, airway bill, foreign exchange, BRC, GR (consignment note) etc. In view of these docs, the error of timing would be treated as procedural/clerical/typographical lapse.
Reply By BalKrishan Rakheja:
The Reply:
Thanks Set
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