Applicability of Integrated Goods and Services Tax (Integrated Tax) on goods supplied while being deposited in a custom bonded warehouse.
2079/GST-II Dated:- 21-6-2018 Haryana SGST
GST – States
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Document 1
Regd./E-mail
From
Το
10
Subject:
Excise and Taxation Commissioner,
Haryana, Panchkula.
All the Dy. Excise and Taxation Commissioners(ST),
in the state of Haryana.
Memo No. 2079/GST-II
Panchkula, dated the 21/6/18
Circular regarding Applicability of Integrated Goods and Services Tax
(Integrated Tax) on goods supplied while being deposited in a custom
bonded warehouse.
MEMORANDUM
Please find enclosed herewith a copy of circular on the above mentioned
subject as issued by the Central Government.
under
It is requested to bring this to the knowledge of all the officers working
your control for their information and necessary action.
Endst. No. 2080
21.6·18
Superintendent (GST),
for Excise and Taxation Commissioner, Haryana,
Panchkula
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axation Commissioner, Haryana,
Panchkula
Circular No. 3/1/2018-IGST
F. No. CBEC/20/16/03/2017- GST
Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
GST Policy Wing
New Delhi, Dated the 25th May, 2018
To.
The Principal Chief Commissioners
Chief Commissioners Principal Commissioners/
Commissioners of Central Tax (All) The Principal Directors General Directors General (All)
Madam/Sir,
Subject: Applicability of Integrated Goods and Services Tax (integrated tax) on goods
supplied while being deposited in a customs bonded warehouse-reg.
Attention is invited to Circular No. 46/2017-Customs dated 24.11.2017 whereby the
applicability of integrated tax on goods transferred/sold while being deposited in a warehouse
(hereinafter referred to as the “warehoused goods”) was clarified.
2.
Various references had been received by the Board on the captioned issue which has
now been re-examined by the Board.
3.
It is seen tha
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referred to as the “CTA”). Thus, in case of supply of
the warehoused goods, the point of levy would be the point at which the duty is collected
under section 12 of the Customs Act, 1962 (hereinafter referred to as the “Customs Act”)
which is at the time of clearance of such goods under section 68 of the Customs Act.
Page 1 of 2
Circular No. 3/1/2018-IGST
5.
It may also be noted that sub-section (8A) has been inserted in section 3 of the CTA
vide section 102 of the Finance Act, 2018, with effect from 31st March, 2018,so as to provide
that the
valuation for the purpose of levy of integrated tax on warehoused imported goods at
the time
of clearance for home consumption would be either the transaction value or the
value as per sub-section (8) of section 3 of the CTA (i.e. valuation done at the time of filing
the into-bond bill of entry), whichever is higher.
6.
It is therefore, clarified that integrated tax shall be levied and collected at the time of
final clearance of th
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