IGST exemption on bringing prizes, trophies, challenge cups under Customs Notification No.146/94 dt.13.07.1994.
Click here to know GST exempted list
146/94-Customs, dated 13.07.1994 is valid when introduction of GST in India on July 01, 2017 for exemption of IGST on imports.
Customs Notification No.146/94 dt.13.07.1994 details exemption to: (a) Challenge Cups and Trophies awarded to an Indian team in connection with its participation in a tournament outside India and brought by it into India for being kept with an Official Sports Association, (b) Medals and trophies awarded to members of Indian teams for their participation in international tournaments or competitions outside India, (c) Prizes won by any member of an Indian Team if the team has participated in any international tournament or competition in relation to any sport or game, with the approval of the GoI in the Department of Youth Affairs and Sports, (d) Trophy when imported into India by the National Sports Federation recognized by the Central Government or any Sports being awarded to international tournament and World Cup event to be held in India.
According to GST council, IGST is exempted on movement of goods described under Customs Notification No.146/94 dt.13.07.1994.
Click here to read complete extract of customs notification No: 146/94 dt.13.07.1994 Customs Notification No.146/94 dt13.07.1994.
Click here to know GST rate on Goods and Services
GST Exemption list of goods and services
Find HSN number or Service tariff code for GST
GST registration guidelines
Indian GST Laws
How to export your goods?
Issue of charge back in CC/DC Payment in GST payments
Challan Format of GST Tax payment
GST Tax payment, error in Total amount, How to solve?
GST Tax payment error in major head, how to solve?
GST Tax payment error in GSTIN
Challan Correction Mechanism under GST Tax payments
Recording by Tax Authorities on GST payments
GST Tax payments, communication between RBI,GST and Accounting authorities
GST tax paid but no SMS confirmation or credit in ledger
GST amount received in a tax head different from the one specified in the challan
Error in GST receipts under transaction reported to RBI
Why do carriers balance weight and volume while charging freight amount in Exports?
How does CENVAT Credit work?
Why, best attention while preparing Export Invoice?
Is Letter of Credit LC safe for an Importer?
Is ON BOARD CERTIFICATE required for LC negotiation
What is said to contain in Bill of Lading.
Why does Palletization require?
Why labeling and marking in Export business?
How to make DA mode of payment safe
Transferability of Bill of Lading
Transhipment - A redefinition
Travelers to India under import duty exemption, Frequently Asked Questions Part 2
Triangular export
Triangular shipment
Types of Insurance Documents
Tea Board
SRTEPC,Synthetic and Rayon Textiles Export Promotion Council
SQEPC,Sports Goods Export Promotion Council
Spices Board
SHEFEXIL,Shellac and Forest Products Export Promotion Council
SEPC,Services Export Promotion Council
Rubber Board
HEPC,Handloom Export Promotion Council
PEPC,Project Exports Promotion Council of India
Powerloom Development and Export Promotion Council
Plastics Export Promotion Council