The SEZ unit imported goods

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170 Points Joined August 2022
The SEZ unit imported goods ,exported this goods after 6 months.IGST to be paid?
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On 28 January 2025 at 09:21 Report
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Master in Accounts & high court Advocate
8778 Points Joined December 2011

In a Special Economic Zone (SEZ), the units enjoy certain exemptions and concessions.

Let's break down the scenario: Key Points.

 1. *SEZ Unit*: The unit is located within an SEZ.

 2. *Imported Goods*: The unit imported goods, which are exempt from customs duty under Section 76 of the Customs Act, 1962.

 3. *Exported Goods*: The unit exported the goods after 6 months.

4. *IGST Applicability*: The question is whether IGST is payable on the imported goods.

IGST Exemption According to the IGST Act, 2017, and the SEZ Rules, 2006, SEZ units are exempt from paying IGST on imported goods, provided the goods are used for authorized operations (i.e., manufacturing, processing, or other authorized activities).

Conditions for IGST Exemption To avail the IGST exemption, the SEZ unit must meet the following conditions:

1. The imported goods must be used for authorized operations.

 

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On 28 January 2025 at 10:11
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170 Points Joined August 2022
Thank you Sir.
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On 28 January 2025 at 18:51


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