Credit of the amount of rejected refund claim :
Where any deficiencies have been communicated under rule 2(3), the amount debited under rule 1(3) shall be re-credited to the electronic credit ledger – Rule 5(1) of Refund Rules.
Where any amount claimed as refund is rejected under rule 4, either fully or partly, the amount debited, to the extent of rejection, shall be re-credited to the electronic credit ledger by an order made in form GST PMT-03 – Rule 5(2) of Refund Rules.
For the purposes of this rule, a refund shall be deemed to be rejected, if the appeal is finally rejected or if the claimant gives an undertaking in writing to the proper officer that he shall not file an appeal.