TAX IMPLICTIONS ON RE-IMPORT

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..... We exported our automobile material with payment of IGST, Due to some techinical issue the exported materials were rejected. we have to RE-IMPORT the above material. If there is any tax implication while RE-IMPORT the same. We also availed the all export benefits like DBK / MEIS / IGST refund for above export shipments Shall we repay the availed above export benefits to GOVT ? or any other cus .....

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..... toms duty shall we pay additionally. Any suggestions Please... M.RAMESH - Reply By KASTURI SETHI - The Reply = All export benefits have to be given back to Govt. and normal procedure for import has to be followed in re-import cases. Basic Customs duty and IGST will also be paid. See Section 20 of the Customs Act, 1962 . - Reply By Spudarjunan S - The Reply = Dear Sir, In case of .....

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..... re-import of exported goods where DBK/IGST refund has been availed, only to the extent of DBK availed or IGST refund received you need to payback and all other been exempted from payment - Refer notification no. 45 , 46 , 47/2017 -Cus(Tariff) dated 30.06.2017 based on your case. For MEIS benefit, it will be provided on the least of realisation of export proceeds or value mentioned in Shippin .....

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..... g Bill, So ideally there may not be rejection once the payment for the transaction been made. - Reply By KASTURI SETHI - The Reply = I agree with Sh.Spudarjunan S. - TAX IMPLICTIONS ON RE-IMPORT - Query Started By: - RAMESH M Dated:- 1-3-2019 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management I .....

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..... ndia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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