Customs – 44/2017 – Dated:- 10-8-2017 – OFFICE OF THE COMMISSIONER Or CUSTOMS, NEW CUSTOM HOUSE, KANDLA-37O 210 Phone No. 02836-271468/469, Fax No.02836-271467 F. No. S/20-07/AG/GST/17-18 Dated: 10/08/2017 Public Notice No. 44/2017 Subject: Leviability of Integrated Goods and Service Tax (IGST) on High Sea Sales of imported goods and point of collection thereof -reg. Attention of the Trade is invited to Board s Circular No. 33/2017- Customs issued vide F. No. 450/131/2017-Cus-IV dated 01.08.2017. 2. The issue has been examined in the Board High Sea Sales is a common trade practice whereby the original importer sells the goods to a third person before the goods are entered for customs clearance. After the High Sea Sale of the goods, the Cus
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lso separately under section 5 of the Integrated Goods and Service tax Act, 2017. 4. GST council has deliberated the levy of Integrated Goods and Service Tax . on high sea sales in the case of imported goods. The council has decided that IGST on high sea sale (5) transactions of imported goods, whether one or multiple, shall be levied and collected only at the time of importation i.e. when the import declaration are filed before the Customs authority for the customs clearance purposes for the first time. Further, value addition accruing in each such high sea sale shall form part of the value on which IGST is collected at the time of clearance. 5. The above decision of the GST council is already envisioned in the provisions of su
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