Subject: Leviability of Integrated Goods and Service Tax (IGST) on High Sea Sales of imported goods and point of collection thereof -reg.
44/2017 Dated:- 10-8-2017 Trade Notice
Customs
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 practic
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f imported goods would be chargeable to IGST twice i.e. at the time of Customs clearance under sub – section (7) of section 3 of Customs Tarff Act, 1975 and also 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 th
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