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Re-import under GST

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..... Re-import under GST
Query (Issue) Started By: - SURYAKANT MITHBAVKAR Dated:- 20-8-2019 Last Reply Date:- 26-8-2019 Goods and Services Tax - GST
Got 7 Replies
GST
We have exported Machine in month of Sept-18. Nw we have to Re-import the same machine for repairing purpose. Whether IGST is applicable on the same. If yes can we avail the ITC for the same. Reply By Alkesh Jani: The Rep .....

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..... ly: Sir, Please elaborate your query, as was export under LUT/ or under claim of refund of IGST Paid.? Thanks With regards Reply By SURYAKANT MITHBAVKAR: The Reply: Export done under LUT Reply By Alkesh Jani: The Reply: Sir, In this regards, You are require to pay IGST in terms of Sl.No. 1 (d) of Notification No. 45/2017-Customs dated 30.06.2017. You can avail ITC of IGST paid. Thanks Wi .....

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..... th regards Reply By YAGAY andSUN: The Reply: Any incentive if availed at the time of export then you would also have to re-pay it along with interest at applicable rate. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri Alkesh and Sri Yagay Reply By raghunandhaanan r vi: The Reply: Sir, You can clear the goods for repair and re-export under Customs Notification 158/ .....

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..... 95 under which No customs duties including IGST Payable Reply By Alkesh Jani: The Reply: Sir, The Customs Notification No.158/1995 is lastly amended vide Notification No.60/2018-Cus dated 11.09.2018. The Annexure is inserted and as it is a conditional Notification all the conditions are required to be fulfilled. However, It is better to avail Notification 45, ITC can be availed instead of exec .....

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..... uting Bond. Moreover, you can opt for this after due verification of Customs Tariff heading and calculation to be made which is beneficiary to you. Thanks
Discussion Forum - Knowledge Sharing .....

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