Export consignments not treated as supply; invoices and refunds arise only on sale or after lapse of the period. Sending or taking goods out of India for exhibition or on consignment for export promotion is not a supply under section 7 and therefore not a zero rated supply under section 16. Such specified goods must be accompanied by a delivery challan and records maintained. The arrangement is sale on approval: supply arises on sale abroad or is deemed on expiry of the statutory period if not sold or returned. Tax invoices must be issued at sale or on the deeming date, and refund of input tax credit for zero rated supply is permissible only after invoices are issued and conditions are met.
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.
Export consignments not treated as supply; invoices and refunds arise only on sale or after lapse of the period.
Sending or taking goods out of India for exhibition or on consignment for export promotion is not a supply under section 7 and therefore not a zero rated supply under section 16. Such specified goods must be accompanied by a delivery challan and records maintained. The arrangement is sale on approval: supply arises on sale abroad or is deemed on expiry of the statutory period if not sold or returned. Tax invoices must be issued at sale or on the deeming date, and refund of input tax credit for zero rated supply is permissible only after invoices are issued and conditions are met.
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