SEZ Unit Entitled To Claim Refund of Unutilized ITC

SE Forge Limited Vs Union of India (Gujarat High Court) The Gujarat High Court in M/S SE Forge Limited Vs. Union of India [Special Application No.16056 of 2022 decided on 03.02.2023] held that a SEZ Unit, is entitled to claim the refund of IGST credit lying unutilized in the Electronic Credit Ledger. FACTS M/S SE Forge Limited (herein referred to as the “ Petitioner”) is a Social Economic Zone (hereinafter referred to as the “SEZ”) unit engaged in manufacturing of engineering components,  tower flanges, bearing rings, and technical components for the other industry. It is involved in ...