LatestIncome Tax 12 September 2026
Export Duty Refund Limitation Starts When Right Crystallises
The Supreme Court clarified that the limitation period for claiming an export duty refund starts only when the right to refund crystallises, not from the date of export. This interpretation aligns the refund claim timeline with the moment the duty is actually payable, affecting taxpayers with refunds exceeding ₹50 lakh and shaping future tax audit strategies.
The Supreme Court ruled that the clock for filing an export duty refund claim begins only when the refund right crystallises, not at the time of export.
- Taxpayers must monitor when the duty becomes payable to avoid missing the limitation period.
- The decision especially impacts large refunds (over ₹50 lakh) and will influence how companies plan tax audits.
For full details, see the original article.
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