IGST applies to sales of imported goods while in bonded warehouses; customs duties remain deferred until ex bonding. Transfers of ownership of imported goods while deposited in a customs bonded warehouse constitute a supply subject to IGST as inter state supply, with the supplier liable to pay IGST determined under the supply valuation rules; customs duties remain deferred and are collected on ex bonding on the assessable value fixed at import.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
IGST applies to sales of imported goods while in bonded warehouses; customs duties remain deferred until ex bonding.
Transfers of ownership of imported goods while deposited in a customs bonded warehouse constitute a supply subject to IGST as inter state supply, with the supplier liable to pay IGST determined under the supply valuation rules; customs duties remain deferred and are collected on ex bonding on the assessable value fixed at import.
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