SC Declines to Interfere with SEZ Unit’s Refund of Unutilised ITC under Rule 89

Union of India & Ors. Vs Messrs Meghmani Organochem Limited & Anr. (Supreme Court of India) The Supreme Court, in Union of India & Ors. Vs Messrs Meghmani Organochem Limited & Anr., dismissed the revenue’s challenge against a High Court order that granted an Input Tax Credit (ITC) refund to an SEZ Unit. The High Court, relying on its decision in Britannia Industries Limited vs. Union of India, had accepted the SEZ Unit’s argument that it was entitled to claim the refund of unutilised ITC accumulated under Rule 89 of the CGST Rules, as exports were made without tax p...