Liability of GST on return of export done under LUT
This query is : Resolved
03 July 2024
Sir,
We have done export under LUT without IGST but such shipment has been return to India so please let us know that we have to pay IGST on such return shipment or not?
We have done export under LUT without IGST but such shipment has been return to India so please let us know that we have to pay IGST on such return shipment or not?
05 July 2024
Yes, you have to pay IGST.
You can re-import the exported goods under notification no. 158/95-Cus dated 14th November 1995 without payment of basic customs duty and IGST. You have to execute a bond with the Customs that you will re-export the goods after repairs, within six months from the date of re-import.
You can re-import the exported goods under notification no. 158/95-Cus dated 14th November 1995 without payment of basic customs duty and IGST. You have to execute a bond with the Customs that you will re-export the goods after repairs, within six months from the date of re-import.
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