import and bond to bond transfer at zero invoice value
Query (Issue) Started By: – A R Dated:- 15-1-2018 Last Reply Date:- 19-3-2018 Goods and Services Tax – GST
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GST
We are a company based in India. We procure and supply some specialized products from China and supply the same to customers based in countries like Singapore, Hongkong, Europe and to many parts of the world.
In once of the case case, one of the Europe based company has asked us to import these product in India in our name and warehouse the same in the Customs Bonded warehouse by filing a warehousing bill of entry.
Once the goods are warehoused in the Customs Bonded warehouse, they want us to do the transfer of the same to a Duty Free Shop in India at
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ice value if to be raised will be for ZERO amount as the Duty free shop is not suppose to pay for the goods, as the European company has asked us to supply the same free of Charge (Zero Value) to the Duty free shop.
In turn the Duty free shop is also going to give these products free of charge to the International passengers when they buy the other products of a specific product at the duty free shop.
Query 1b. when these goods of zero invoice value (free of charge) are being supplied to the Duty free shop vide Bond to Bond transfer, is there a requirement of E Way Bill to be issued.
Query 2a – When we raise the Invoice to the European company for the value of the goods, are we supposed to charge any tax such as GST etc ? if yes, then ki
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