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IMPORTING MATERIAL TO CUSTOMS PRIVATE BONDED WAREHOUSE

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..... IMPORTING MATERIAL TO CUSTOMS PRIVATE BONDED WAREHOUSE
Query (Issue) Started By: - RAMAKRISHNA M Dated:- 17-8-2017 Last Reply Date:- 18-8-2017 Goods and Services Tax - GST
Got 5 Replies
GST
Hi, With GST implementation, whether IGST is applicable for materials importing by a "CUSTOMS PRIVATE BONDED WAREHOUSE" This is business aspect and the above imported material will be s .....

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..... upplied to SEZ & 100% EOU from customs Private Bonded Warehouse. Reply By Kishan Barai: The Reply: Based on your inquiry posted, no IGST would be levied when kept of Custom Bonded Warehouse but products supplied to SEZ & EOU must be exported. If they are sold in domestic area against ARO then benefit of duty saved could not be obtained. Reply By RAMAKRISHNA M: The Reply: Dear Kishan, thanks f .....

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..... or revert. I agree with you that any supplies to SEZ / EOU's no duty but if they sell those products in local instead of exports, duty will be levied. Here we are importing Machinery spare parts which will be used in Granite Manufacturing units. Request you to reconfirm whether these Imported Machinery Spare Parts will attract IGST while importing from Foreign nation. Reply By Kishan Bar .....

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..... ai: The Reply: Yea, it will attract IGST if imported Material used for domestic consumption Reply By RAMAKRISHNA M: The Reply: Dear Kishanji, My question is while importing these machinery Spare parts, whether we need to pay IGST at the time of imports Reply By RAMAKRISHNA M: The Reply: IF A "CUSTOMS PRIVATE BONDED WAREHOUSE" - IMPORTS MACHINERY SPARE PARTS - WHETHER IGST IS PAYABL .....

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..... E FOR THESE IMPORTS
Discussion Forum - Knowledge Sharing .....

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