We are having Customs Private Bonded Warehouse and Items are importing from Italy.
While Selling these imported items from Customs Private Bonded Warehouse to 100%Eou / SEZ - GST applicable or not.
It is like Bonded Warehouse to Bonded Location.
If it is exempted, under which notification.
Kindly share the same.
Thanks & regards,
Ramakrishna.M
GST on Sales from Bonded Warehouses: Zero-Rated for SEZs, Deemed Exports for EOUs under Section 16 IGST Act 2017. A discussion on the applicability of GST to sales from a Customs Private Bonded Warehouse to 100% Export Oriented Units (EOUs) or Special Economic Zones (SEZs) centers around whether these transactions are zero-rated or exempt. According to Section 16 of the IGST Act, 2017, supplies to SEZs are zero-rated, allowing for tax refunds either through bond or payment of integrated tax. Supplies to EOUs are treated as deemed exports under Notification No. 48/2017, requiring GST payment but allowing for input tax credit claims. The forum also discusses necessary documentation for claiming exemptions or refunds. (AI Summary)
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