TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Customs Circular: New Rules for IGST and GST Compensation Cess on Ex Bond Clearance, Effective March 29, 2018.</h1> The circular from the Office of the Commissioner of Customs in Chennai addresses amendments introduced in the Finance Bill 2018, specifically new sections 3(8A) and 3(10A) of the Customs Tariff Act, 1975. These amendments affect the assessable value for calculating IGST and GST Compensation Cess on Ex Bond Clearance. Importers and Customs Brokers must indicate sales during warehousing using specific flags and codes in their Ex Bond Bill of Entry. The system will calculate taxes based on the higher of two values: the determined value or the declared sale price. These changes are effective from March 29, 2018.
TaxTMI 
TaxTMI 
