RE-EXPORT OF IMPORTED GOODS UNDER GST

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..... RE-EXPORT OF IMPORTED GOODS UNDER GST
Query (Issue) Started By: - raghunandhaanan rvi Dated:- 13-10-2021 Last Reply Date:- 15-10-2021 Customs - Exim - SEZ
Got 5 Replies
Customs
Sir, Goods imported into India without payment duty for calibration work and subsequent re-export. My query is that : Whether re-export should be under LUT/Bond or IGST Payment? If not, what is the other met .....

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..... hod for re-exporting these goods? Whether any Notifications or Circulars issued by CBIC in this Regard? Thanks in advance for your valuable guidance Reply By Rajagopalan Ranganathan: The Reply: Sir, You are re-exporting the goods imported by you. Hence for all purposes, it is export made by you. Therefore you re-export either under LUT or on payment of IGST. At the time of import, you would h .....

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..... ave paid IGST. This IGST paid by you can be taken as credit provided you are registered under GST since a taxable person is one who has obtained registration under GST Act. If you re-export on payment of IGST then you can use this credit for payment of IGST on re-export. If you re-export under LUT, you can claim a refund of IGST paid at the time of import. Reply By Shilpi Jain: The Reply: For ex .....

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..... port to be a zero rated supply under gst, it has to be a supply as per section 16 of IGST Act. In your case the re export of goods is not in respect of a supply of goods. it will not be a zero rated supply. There was also a circular under GST in this regard in the context of goods sent for exhibition which would not be a supply and thereby not treated as a zero its supply Reply By Shilpi Jain: T .....

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..... he Reply: Once not a zero rated supply there is no question of doing it under lut or with payment of igst. Reply By KASTURI SETHI: The Reply: There is substance in the view/observation/interpretation of Madam Shilpi Jain. Hence I concur with her views. Reply By raghunandhaanan rvi: The Reply: Dear Sir/ Madam Thank you, Mr. Rajagopalan Sir, Ms. Shilpi mam and Mr. Kasturi Sir for your respons .....

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Discussion Forum - Knowledge Sharing .....

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