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Export Return |
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Dear Sir, We have exported an item with the payment of IGST and claimed a refund for the same. Subsequently, the item was returned by the customer, and we re-imported it through the customs port. Could you please advise us on the GST implications of this transaction? Specifically, we would like to understand:
Your guidance on this matter will be highly appreciated. Sandeep Posts / Replies Showing Replies 1 to 6 of 6 Records Page: 1
Dear Querist, What was the reason for return of exported goods ? Were the exported goods found defective, if so, do you intend to re-export after repair ?
(i) Exported goods are received back in India. These are to be treated as home consumption for the purpose of applicability of GST. (if the same goods are not re-exported). If re-exported the identification is a must to the effect that the goods were the same. (ii) If IGST has been refunded, then no reversal of ITC is required and pay GST in a normal way treating the said goods as home consumption as explained above. (iii) All export benefits obtained at the time of export will be recovered. (iv) For more details see Notification No. 45/2017-Custom dated 30.06.17 as amended by corrigendum 942[E] dated 22-07-2017, Notification Nos. 36/2021-Cus. dated 19-07-2021, 46/2023-Cus. dated 26-07-2023, and 39/2024-Cus. dated 23-07-2024
Re-import of exported goods — Recovery of export benefits given under Incentive and Reward Schemes under Chapter 3 of FTP Instruction No. 3/2019-Cus., dated 13-8-2019
Dear Sir, Thanks for your detailed explanation. Regards, Sandeep
Refer Issue ID No.119154 dated 10/06/2024 for further details.
Notification 45/2017 is relevant as per which you would have to pay back the IGST claimed as refund. Other export benefits like drawback, RoDTEP, etc. also will have to be paid back. What would be done with the re-imported goods? Page: 1 |
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