In what could come as relief for many Indian Importers who were under investigation by the Directorate of Revenue Intelligence (DRII) and respective jurisdictional commissioners for allegedly availing dual benefits—specifically, exemption from Integrated Goods and Services Tax (IGST) and a rebate on the output side of exports, the Gujarat High Court Thursday held that one of the notification will have only prospective effect and reviewed its earlier decision to remove findings on interest applicability.
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Read more at : The Economic Times
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