SC turns down petition by govt against IGST exemption to exporters

The Supreme Court has dismissed the petition filed by the government and the GST Council against the Delhi high court order  to allow exporters an exemption from the integrated goods and services tax (IGST) for imports done under the advance authorisation licenses. This would release working capital for those using these licenses. 

In advance authorisation licence is issued to allow duty-free import of inputs, which are physically incorporated in export products.

Explaining the case, Abhishek Rastogi, who argued the case for exporters in the Supreme Court, said the Delhi high court had in 2017 allowed exporters to avail the IGST