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of <h1>IGST Applies Only to Repair Costs, Insurance, and Freight on Re-Imported Goods, Not Entire Value, Says Circular.</h1> The circular clarifies the applicability of Integrated Goods and Services Tax (IGST) on the repair cost, insurance, and freight for goods re-imported into India after being exported for repairs. Notifications 45/2017-Customs and 46/2017-Customs specify that IGST and compensation cess are levied on the repair value, insurance, and freight, not on the entire value of goods. This approach aligns with previous customs duty practices and was affirmed by the GST Council in its meetings. A recent court case challenged this interpretation, but the GST Council reaffirmed its stance, prompting a clarificatory amendment to the notifications.
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