what is the assessable value for clearance of the goods from FTWZ to DTA ? (Customs duty)
Need section reference as well. Pls help
Menu
Customs Valuation - FTWZ to DTA?
Replies (2)
Supplies of goods or services or both to or by a SEZ unit or SEZ developer is treated as an
inter-State supply as per Section 7(5) of IGST Act, 2017. Hence, supplies from SEZ unit/
developer to DTA would be liable to IGST. Further as per Section 30 of SEZ Act, 2005 any gopds removed from SEZ to Developer ‘shall be be chargeable to customs duty’, as leviable on such Goods when Imported.
Hence the transaction/Assessable value will be on BoE (bill of Entry) on which IGST is payable .
inter-State supply as per Section 7(5) of IGST Act, 2017. Hence, supplies from SEZ unit/
developer to DTA would be liable to IGST. Further as per Section 30 of SEZ Act, 2005 any gopds removed from SEZ to Developer ‘shall be be chargeable to customs duty’, as leviable on such Goods when Imported.
Hence the transaction/Assessable value will be on BoE (bill of Entry) on which IGST is payable .
We have taken ftwz warehouse on rent from DHL but it's owned by some1 else. DHL z only facilitating us to clear our stock from ftwz to avail benefits of ftwz. do we need to add dis address as additional place of business in current gst certificate. plz help with relevant section if to avail or vice versa
Recent Threads
- ITR 2 Processed and Refund Credited to Bank
- Freelancer or Salaried
- LTCG Tax & Indexation on Debt Mutual Funds Sol
- Section 45(5A) and 194IC with carry forward of tds
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
- LTCG Tax on property
- Short term gain in itr2, missing 111A
- Errors in ITR Filing: Minimum One Character Requir
Related Threads
CAclubindia
