Export tax to be @ 0.1 %

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Any notification / Cirucular issued by the Central Government

AI Summary

Debate on 0.1% Export Tax Applicability: Notifications 41/2017-IGST & 40/2017-CGST Exclude SEZ Zero-Rated Supplies per IGST Act Section 16. A discussion on a forum addressed the applicability of export tax at 0.1% and related notifications issued by the Central Government. Participants debated whether Notification 41/2017-IGST and 40/2017-CGST apply to exports to Special Economic Zones (SEZs). It was clarified that these notifications cover exports as defined under the IGST Act but not zero-rated supplies to SEZs, which fall under Section 16 of the IGST Act. Additionally, the procedure for supplying goods to a merchant exporter at a concessional rate was outlined, including conditions for compliance and documentation required post-export.