Re.: IGST issue on export from Bonded warehouse
This query is : Resolved
05 April 2020
R/All.
We import pharmaceutical raw material in India and file the warehouse bill of entry and store the material at bonded warehouse without paying Import duty, as per buyer requirement we export this material directly from bonded warehouse.
So at the time of export can we dispatched the goods under IGST 18% paid or we can directly dispatched under LUT or any third way of zero duty ?
If we export this material under IGST 18% paid (from balance credit) so in that case can we claim of GST refund.
Please suggest.
Regards
Roshan Gathibandhe
We import pharmaceutical raw material in India and file the warehouse bill of entry and store the material at bonded warehouse without paying Import duty, as per buyer requirement we export this material directly from bonded warehouse.
So at the time of export can we dispatched the goods under IGST 18% paid or we can directly dispatched under LUT or any third way of zero duty ?
If we export this material under IGST 18% paid (from balance credit) so in that case can we claim of GST refund.
Please suggest.
Regards
Roshan Gathibandhe
11 April 2020
The Goods have been brought in India but Custom duty was not payable as the goods have been deposited in Bonded ware house. In view of this removal of goods for sending them out of India shall export and therefore you have a choice to export under Bond or after payment of GST. It is suggested that for removal of doubt you should approach AAR, till then should go for Export under bond and claim Input credit refund.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- NRI starting business in India
- GST rate and HSN code for sale of racing horses
- Filling ITR - U
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
