Goods are in custom Bonded warehouse without any payment of duty by XYZ, Goa who is registered with GST. XYZ filing the ex-Bond Bill of Entry at the time of removing from customs bond. No duty is involved since XYZ are re-exporting the goods to Turkey within the stipulated time of six months. What GST procedure XYZ is required to follow for re – exporting the goods?
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GST on re - export of goods
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In short: Re-exporting goods directly from a customs bonded warehouse before clearing them for domestic use is considered a "Non-Supply" under Schedule III of the CGST Act. Therefore, no GST is applicable, no LUT is required, and XYZ only needs to complete the standard Customs documentation (Shipping Bill) to send the goods to Turkey.
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