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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Carnet-De-Passage Vehicles: Duty-Free Exemptions Exclude IGST Post-GST Introduction; Refunds Under Customs Act Section 74 Possible.</h1> The circular addresses the import of vehicles under Carnet-De-Passage, highlighting the duty-free exemption under Notification No. 296/76-Cus dated 02.08.1976, which exempts vehicles from Customs Duty. However, following the introduction of GST on 01.07.2017, the exemption does not cover Integrated Goods and Services Tax (IGST). Importers must pay the IGST portion of Customs duty. Refunds or drawbacks can be claimed under Section 74 of the Customs Act, 1962, subject to compliance. The procedure remains unchanged until further clarification from the Board (CBEC) is received.
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