High Courts serve notice on Centre over IGST rebate by exporters

Exporters were earlier entitled to import raw material without payment of IGST under the AA licence

Two high courts (HCs) have served notices on the Union government, the Directorate of Revenue Intelligence, (DRI), and the Central Board of Indirect Taxes and Customs over the issue of denying rebate on integrated goods and services tax (IGST) paid by exporters enjoying the benefits of advance authorisation (AA) licence. Bombay and Punjab & Haryana HCs have issued these notices.
 
Gujarat HC has stayed the proceedings initiated by DRI to exporters over this issue. An AA licence is issued to exporters to allow them duty-free import of inputs, which are physically incorporated in export products.
 
Exporters were earlier