The Central Board of Indirect Taxes and Customs (CBIC) on October 26, 2023, amended an older notification No. 01/2023-Integrated Tax, dated July 31, 2023, related to restriction on IGST payment & Refund in respect of exports of Pan masala & Tobacco related products.
The following has been stated: -
•In the said notification, for the portion commencing with the words “all goods or services” and ending with the words “the refund of tax so paid:”, the following shall be substituted and shall be deemed to have been substituted with effect from October 01, 2023, namely: —
(i)All goods or services (except the goods specified in column (3) of the TABLE below) as the class of goods or services which may be exported on payment of integrated tax and on which the supplier of such goods or services may claim the refund of tax so paid; and
(ii)All suppliers to a Developer or a unit in a Special Economic Zone undertaking authorised operations as the class of persons who may make the supply of goods or services (except the goods specified in column (3) of the TABLE below) to such Developer or a unit in Special Economic Zone for authorised operations on payment of integrated tax and on which the said suppliers may claim the refund of tax so paid.
This notification shall come into force on October 26, 2023.
The detailed notification is given in the document attached below.
[Notification No.05/2023 –Integrated Tax]
