Refund denied if export proceeds realized in INR via non-resident Vostro bank account outside ACU/Nepal/Bhutan.

Case-Laws – GST – Highlights – The High Court quashed the impugned orders denying refund application, based on the respondents’ clarification that refund would not be denied if export proceeds are realized in Indian Rupees routed through a non-resident b

Refund denied if export proceeds realized in INR via non-resident Vostro bank account outside ACU/Nepal/Bhutan.
Case-Laws
GST
The High Court quashed the impugned orders denying refund application, based on the respondents' clarification that refund would not be denied if export proceeds are realized in Indian Rupees routed through a non-resident bank's freely convertible Vostro account outside the Asian Clearing Union or Nepal and Bhutan. However, the respondents contended that the appl

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