Sale of meis import certificate

is gst applicable on sale of meis certificate?if yes then at what rate?
Replies (2)
As per Circular 46/20/2018 GST

The duty credit scrips classifiable under 4907 were exempted from GST, while
stock, share or bond certificates and similar documents of title [other than Duty Credit Scrips],
classifiable under heading 4907, attract 12% GST.
Thank you so much sir

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