Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

EXPORT WITH PAYMENT OF IGST- REJECTED

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... EXPORT WITH PAYMENT OF IGST- REJECTED
Query (Issue) Started By: - SUDHIRKUMAR SHAH Dated:- 5-4-2021 Last Reply Date:- 5-4-2021 Customs - Exim - SEZ
Got 2 Replies
Customs
Goods Exported wi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... th Payment of IGST. However Goods rejected by foreign buyer after reaching at his place as not as per the specifications given. IGST paid on Export received as refund. Export proceeds will not realise .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... and goods will not be re-imported. Now 1. What will be impact on client, under GST act, FEMA Act, Customs Act an treatment in books as well as GST returns. Reply By KASTURI SETHI: The Reply: NAZN .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... EEN Versus DIRECTOR OF ENFORCEMENT, NEW DELHI = 2008 (9) TMI 216 - RAJASTHAN HIGH COURT Reply By YAGAY andSUN: The Reply: In our you have to reverse all export incentives i.e. refund of IGST, AIR Du .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ty drawback. Further, you can also check the following para of the RBI Master Direction as amended in 2021. 21C.23 "Write-off" of unrealized export bills C.24 Write off in cases of payment of claims .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... by ECGC and private insurance companies regulated by Insurance Regulatory and Development Authority (IRDA) C.25 Write-off - relaxation
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates