Facts
The petitioner is involved in the manufacturing, trading, and supply of sugar and related products. They have been importing raw sugar and processing it in their refineries to produce refined sugar, which is sold both in the domestic market and exported to foreign countries under the Letter of Undertaking (LUT).
During the Financial Years 2020-2021 and 2021-2022, the petitioner made zero-rated supplies of goods and accordingly claimed a refund of unutilized Input Tax Credit (ITC). The total entitled refund amount for the said period was INR 1,10,67,67,172/-. However, due to an inadvertent arithmetical error made by one of the petitioner’s employees, the initial refund claims were lodged for a lower amount of Rs. 1,00,47,38,439/-. Subsequently, the respondents approved and paid the refund of Rs. 1,00,47,38,439/-.
Upon realizing the error, the petitioner filed supplementary refund claims for the remaining amount of Rs. 10,20,28,733/- under the “any other category.” However, the respondents rejected the said refund application without providing the petitioner with an opportunity to be heard on the grounds that the “any other” category allows taxpayers to file refund claims for categories not listed in the portal, and the refund application made by the petitioner did not fall under the valid criteria for the “any other” category.
To Read More Click Here...