Goods taken abroad for exhibition or consignment are not a supply until sale or expiry of the six-month period. Goods sent or taken outside India for exhibitions or on consignment basis for export promotion are not a supply merely by reason of outward movement, unless covered by Schedule I. Such movement is therefore not a zero-rated supply, and the outward dispatch must be supported by a delivery challan and prescribed records. A tax invoice arises only when the goods are sold abroad or when six months expire without sale or return. Refund is not available at dispatch, but may be claimed only when the later supply becomes eligible under the refund rules.
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.
Goods taken abroad for exhibition or consignment are not a supply until sale or expiry of the six-month period.
Goods sent or taken outside India for exhibitions or on consignment basis for export promotion are not a supply merely by reason of outward movement, unless covered by Schedule I. Such movement is therefore not a zero-rated supply, and the outward dispatch must be supported by a delivery challan and prescribed records. A tax invoice arises only when the goods are sold abroad or when six months expire without sale or return. Refund is not available at dispatch, but may be claimed only when the later supply becomes eligible under the refund rules.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
