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,
\nNEW CUSTOM HOUSE, KANDLA-37O 210
\nPhone No. 02836-271468\/469, Fax No.02836-271467
\nF. No. S\/20-07\/AG\/GST\/17-18
\nDated: 10\/08\/2017
\nPublic Notice No. 44\/2017
\nSubject: Leviability of Integrated Goods and Service Tax (IGST) on High Sea Sales of imported goods and point of collection thereof -reg.
\nAttention 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.
\n2. The issue has been examined in the Board 'High Sea Sales' is a common trade practic<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n 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. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" 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 NoticeCustomsOFFICE 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 … Continue reading “Subject: Leviability of Integrated Goods and Service Tax (IGST) on High Sea Sales of imported goods and point of collection thereof -reg.”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7521","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7521"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7521\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n4. 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<\/p>\n
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