CBIC Relaxes the percentage of Physical Examination for Export Consignment
The Central Board of Indirect Taxes and Customs vide its circular dated July 24, 2019, clarified issues regarding the refunds of IGST paid on import in case of risky exporters. Board has received representations from exporters regarding the new procedure of 100% examination related to risky exporters which leads to incur additional costs of re-packaging […]
CBIC: Re-import of goods sent for Exhibition Consignment does not constitute Supply
The Central Board of Indirect Taxes and Customs on July 24, 2019, clarified the applicability of Notification No. 45/2017-Customs on the re-import of goods which had been earlier exported either for participation in exhibition or on consignment basis.The issue is clarified as, since, in these goods no consideration is involve, they do not fall in […]
