Custom duty query
This query is : Open
23 May 2018
sir,
may I know , if we Import goods from other country & paid custom duty and we will assemble this product in India the export to other county. so can we get credit of custom which we paid at the time of import??
may I know , if we Import goods from other country & paid custom duty and we will assemble this product in India the export to other county. so can we get credit of custom which we paid at the time of import??
CA Suresh Jain
(Expert)
23 May 2018
No credit against the Basis customs duty paid but ITC against the payment of IGST is available and should be availed.
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