GST – GST FAQ 3rd Edition – December, 2018 – 21.5 – 21.5 Export Oriented Units Q 57. Whether the exemption granted to EOUs pre-GST regime will continue in the post GST regime? Ans. Imports by EOUs: The EOUs will continue to get the exemption of Customs duty as prevailed before the GST regime vide Notification No. 52/2003-Cus dated 31.03.2003. The imports by EOUs are to be levied IGST and compensation cess as per the Notification No. 59/2017-Cus dated 30.06.2017. However, as part of export package, imports by EOUs have been temporarily exempted from payment of IGST and compensation cess up to 31st March, 2019 vide Customs Notification No. 65/2018-Customs dated 24.09.2018. Supply to EOUs: A supply to EOU is considered as deemed exports in te
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e declaration by EOU, Customs Officer at port will allow the clearance of goods giving benefit of exemption Notification No. 52/2003-Cus dated 31.03.2003. There is no requirement of separate continuity bond to be submitted by EOU as per the requirement under Customs (Import of goods at Concessional Rate of Duty) Rules, 2017 as B-17 bond, being a general purpose bond will serve the said purpose. The inter unit transfer would be on invoice on payment of applicable GST taxes. However, such transfer would be without payment of custom duty. The supplier unit will endorse on such documents the amount of custom duty, availed as exemption, if any, on the goods intended to be transferred. The recipient unit would be responsible for paying such basic
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GST Act, 2017, a refund application may be filed within two years from the relevant date by EOUs. The application in form RFD-01A has to accompanied with the documents as prescribed under Rule 89 of CGST Rules, 2017 for claiming refund of ITC. Refund of IGST on exports is available as per Rule 96 of CGST Rules and shipping bill filed is deemed to be application filed for refund. 90% of the total amount claimed as refund will be granted within 10 days of making application or within 7 days of issuance of acknowledgement of refund application. Balance amount of 10% will be granted after verification of documents furnished by the applicant. Q 61. Will supply of goods from one EOU to another EOU termed as inter unit transfer and whether the sam
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