IMPORTING MATERIAL TO CUSTOMS PRIVATE BONDED WAREHOUSE

[RAMAKRISHNA M]

Hi,

With GST implementation, whether IGST is applicable for materials importing by a 'CUSTOMS PRIVATE BONDED WAREHOUSE'

This is business aspect and the above imported material will be supplied to SEZ & 100% EOU from customs Private Bonded Warehouse.

AI Summary

IGST Not Levied on Goods in Bonded Warehouses; Applicable When Used Domestically, Not for SEZs or EOUs A discussion on the applicability of IGST on materials imported by a Customs Private Bonded Warehouse, particularly when supplied to SEZs and 100% EOUs. One participant clarifies that no IGST is levied while goods are in the bonded warehouse, but IGST applies if the goods are used domestically. Another participant seeks confirmation on whether IGST is payable at the time of importing machinery spare parts intended for granite manufacturing. The consensus is that IGST is applicable if the imported goods are used for domestic consumption rather than export.