Date Notified for Export Refunds where Minimum Threshold Removed

Effective 1 November 2026, Section 155 of the Finance Act, 2026 amends Section 54 of the CGST Act on two fronts. It extends the provisional refund mechanism to eligible unutilised ITC refunds arising from an inverted duty structure and removes the ₹1,000 minimum refund threshold for refunds arising from exports of goods made with payment of tax. The changes address refund processing and access to relief, without independently dispensing with the underlying eligibility conditions.