Modest Refund Amount: SC Declines Interference, SEZ Refund Issue Still Open

Union of India & Ors. Vs Messrs Meghmani Organochem Limited & Anr. (Supreme Court of India) The dispute concerns whether a Special Economic Zone (SEZ) unit is entitled to claim a refund of unutilised Input Tax Credit (ITC) under Rule 89 of the CGST Rules for exports made without payment of tax under a Letter of Undertaking (LUT). The Gujarat High Court allowed the refund and quashed the order of the Appellate Authority, and the Supreme Court later declined to interfere while leaving the legal question open. Read HC Judgment: SEZ Unit Entitled to Refund of Accumulated ITC: Gujarat HC T...