Inverted Duty Structure Explained - 🔹 Raw material taxed at 18% 🔹 Final product sold at 5% 🔹 Result = Excess ITC, working capital blocked 🚫 ✅ Manufacturers can claim refund via RFD-01A ❌ Traders don’t get refund, funds stay blocked until stock is sold From 1st Nov 2025, govt will process 90% provisional refund automatically – a big relief for MSMEs. | Narendra Sharma