GST Refund eligible on export proceeds in INR through convertible Vostro accounts

M/s. Elite International through its Proprietor Shri Rohan Arora Vs Commissioner of CGST Delhi North And Ors. (Delhi High Court) Delhi High Court, in the case of M/s. Elite International through Proprietor Shri Rohan Arora vs. Commissioner of CGST Delhi North & Ors., overturned the rejection of a GST refund application worth ₹16,10,541. The petition challenged an order dated November 23, 2022, by the adjudicating authority, which was later affirmed by the appellate authority on October 25, 2023. The core issue revolved around the realization of export proceeds in Indian Rupees (INR) rath...