Applicability of Integrated Goods and Services Tax (Integrated Tax) on goods supplied while being deposited in a custom bonded warehouse.
2079\/GST-II Dated:- 21-6-2018 Haryana SGST
GST – States
=============
\nDocument 1
\nRegd.\/E-mail
\nFrom
\n\u00ce\u00a4\u00ce\u00bf
\n10
\nSubject:
\nExcise and Taxation Commissioner,
\nHaryana, Panchkula.
\nAll the Dy. Excise and Taxation Commissioners(ST),
\nin the state of Haryana.
\nMemo No. 2079\/GST-II
\nPanchkula, dated the 21\/6\/18
\nCircular regarding Applicability of Integrated Goods and Services Tax
\n(Integrated Tax) on goods supplied while being deposited in a custom
\nbonded warehouse.
\nMEMORANDUM
\nPlease find enclosed herewith a copy of circular on the above mentioned
\nsubject as issued by the Central Government.
\nunder
\nIt is requested to bring this to the knowledge of all the officers working
\nyour control for their information and necessary action.
\nEndst. No. 2080
\n21.6\u00c2\u00b718
\nSuperintendent (GST),
\nfor Excise and Taxation Commissioner, Haryana,
\nPanchkula\n<\/p>\n
= = = = = = = =<\/p>\n
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\nPanchkula
\nCircular No. 3\/1\/2018-IGST
\nF. No. CBEC\/20\/16\/03\/2017- GST
\nGovernment of India
\nMinistry of Finance
\nDepartment of Revenue
\nCentral Board of Indirect Taxes and Customs
\nGST Policy Wing
\nNew Delhi, Dated the 25th May, 2018
\nTo.
\nThe Principal Chief Commissioners
\nChief Commissioners Principal Commissioners\/
\nCommissioners of Central Tax (All) The Principal Directors General Directors General (All)
\nMadam\/Sir,
\nSubject: Applicability of Integrated Goods and Services Tax (integrated tax) on goods
\nsupplied while being deposited in a customs bonded warehouse-reg.
\nAttention is invited to Circular No. 46\/2017-Customs dated 24.11.2017 whereby the
\napplicability of integrated tax on goods transferred\/sold while being deposited in a warehouse
\n(hereinafter referred to as the “warehoused goods”) was clarified.
\n2.
\nVarious references had been received by the Board on the captioned issue which has
\nnow been re-examined by the Board.
\n3.
\nIt is seen tha<\/p>\n
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\nthe warehoused goods, the point of levy would be the point at which the duty is collected
\nunder section 12 of the Customs Act, 1962 (hereinafter referred to as the “Customs Act”)
\nwhich is at the time of clearance of such goods under section 68 of the Customs Act.
\nPage 1 of 2
\nCircular No. 3\/1\/2018-IGST
\n5.
\nIt may also be noted that sub-section (8A) has been inserted in section 3 of the CTA
\nvide section 102 of the Finance Act, 2018, with effect from 31st March, 2018,so as to provide
\nthat the
\nvaluation for the purpose of levy of integrated tax on warehoused imported goods at
\nthe time
\nof clearance for home consumption would be either the transaction value or the
\nvalue as per sub-section (8) of section 3 of the CTA (i.e. valuation done at the time of filing
\nthe into-bond bill of entry), whichever is higher.
\n6.
\nIt is therefore, clarified that integrated tax shall be levied and collected at the time of
\nfinal clearance of th<\/p>\n
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