GSTAT holds that Credit Eligibility of Compensation Cess ITC Does Not Guarantee Refund

Pacific Exports claimed refunds of accumulated Compensation Cess ITC on coal used in manufacturing leather products sold domestically. Although the First Appellate Authority allowed the claims, GSTAT held that the taxpayer had not established that the refunds satisfied the statutory conditions for inverted duty structure refunds. The Tribunal restored the original refund rejection orders.