Customs area definition expanded to include warehouses, preventing IGST charge on transfer from customs to warehouse. The Bill inserts the words "or a warehouse" into clause (11) of section 2 of the Customs Act, 1962, thereby including a warehouse within the statutory ... Summary
Customs area definition expanded to include warehouses, preventing IGST charge on transfer from customs to warehouse.
The Bill inserts the words "or a warehouse" into clause (11) of section 2 of the Customs Act, 1962, thereby including a warehouse within the statutory customs area, and thereby ensuring an importer is not required to pay Integrated Goods and Services Tax when goods are removed from a customs station to a warehouse.
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