Customs – 31 /2017 – Dated:- 29-8-2017 – OFFICE OF THE COMMISSIONER OF CUSTOMS NEW CUSTOMS HOUSE, PANAMBUR, MANGALURU – 575 010 Tel: 0824-2408164 Fax: 0824-2407100 E-mail:commr-cusmnglr@nic.in C. No. S-26/04/2016 Cus Tech Date: 29.08.2017 PUBLIC NOTICE NO. 31 /2017 Subject: Leviability of Integrated Goods and Services Tax (IGST) on High Sea Sales of imported goods and point of collection thereof-reg. Attention of the Importers, Exporters, Customs Brokers and the members of Trade is invited to the Board s Circular No. 33/2017 – Cus dated 01.08.2017 on the above subject. It is noticed that operational problems are being faced on leviability of Integrated Goods and Services Tax (IGST) on High Seas Sales of imported goods. Accordingly, it is c
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it was presented to the Board as to whether the high sea sales of 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 Tariff Act, 1975 and also separately under Section 5 of the Integrated Goods and Services Tax Act, 2017. 4. GST council has deliberated the levy of Integrated Goods and Services Tax on high sea sales in the case of imported goods. The council has decided that IGST on high sea sale (s) transactions of imported goods, whether one or multiple, shall be levied and collected only at the time of importation i.e. when the import declarations are filed before the Customs authorities for the customs clearance purposes for the first time. Further, value a
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