Non-Edible Castor Oil Classified Under HSN 1518, IGST @5%: Gujarat AAR

In re Vinayak Agro Industries (GST AAR Gujarat) Gujarat Authority for Advance Ruling (AAR) issued a ruling in the case of M/s. Vinayak Agro Industries, a partnership firm that manufactures non-edible castor oil using a solvent extraction process. The company sought clarification on three main points: the correct HSN (Harmonised System of Nomenclature) and IGST (Integrated Goods and Services Tax) rate for its non-edible castor oil, its eligibility for a refund of accumulated Input Tax Credit (ITC) due to an inverted duty structure, and how to utilize the accumulated credit if a refund is not gr...