Friday, April 15, 2016

1 year time-limit to claim refund of ST counted from date of receipt of export proceeds and not from date of export

The CESTAT, Bangalore Bench held that export of services is complete only after receipt of consideration towards same; hence, service exporters may claim refund of utilized Cenvat credit within time-allowed under section 11B, viz., 1 year from date of receipt of consideration.

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