IGST exemption on re-import of goods exported under schemes, treatment etc.

 

Import duty and IGST exemptions for re-import of goods specified under Notfn 94/96, customs


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Customs notification No. 94/96 dt.16.12.1996    

 

94/96-Customs, dated   16.12.1996 is valid when introduction of GST in India on July 01, 2017 for exemption of IGST on imports.

 

Customs notification No. 94/96 dt.16.12.1996 provides exemption of import duty to: a)  re-import of goods exported under claim of any           export scheme [drawback, rebate, bond, DEEC or EPCG, DEPB], b) re-import of goods sent abroad for repairs etc. c) re-import of cut and polished precious and semi-precious stones sent abroad for some treatment [para 4A.20.1 of the FTP] d)    Import of parts components of aircrafts replaced or removed during the course of maintenance in a SEZ. For (a), for goods exported prior to 1st of July, the repayment will go to Centre in CVD account. For exports after 1st July, the IGST paid will be apportioned.

 

As per GST Law 2017, the goods specified under Customs Notification No. 94/96 dt.16.12.1996     is exempted in paying IGST.

 

Click here to read complete extract of customs notification No: 94/96 dt.16.12.1996   Customs notification No. 94/96 dt.16.12.1996

 

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PURUSHOTTAM: please clarify whether I want to pay IGST on reimport of exported finished goods?

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