Inter-state supply of warehoused goods: IGST applies on sale before customs clearance while customs duty remains deferred until ex-bonding. Sale or transfer of imported goods while deposited in a customs bonded warehouse is a supply taxable under IGST as an inter state supply; IGST is leviable on the value of the supply determined under GST valuation provisions. Customs duty treatment is distinct: customs duty liability remains deferred while goods are in the warehouse and is collected only upon ex bonding, assessed on the value determined at import under the Customs Act, payable in addition to any IGST due on the intervening transfer.
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.
Inter-state supply of warehoused goods: IGST applies on sale before customs clearance while customs duty remains deferred until ex-bonding.
Sale or transfer of imported goods while deposited in a customs bonded warehouse is a supply taxable under IGST as an inter state supply; IGST is leviable on the value of the supply determined under GST valuation provisions. Customs duty treatment is distinct: customs duty liability remains deferred while goods are in the warehouse and is collected only upon ex bonding, assessed on the value determined at import under the Customs Act, payable in addition to any IGST due on the intervening transfer.
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