TRANSFER OF GOODS FROM BONDED WAREHOUSE TO OUR OWN SEZ UNIT

[parag shetye]

Dear Sir,

We have imported and bonded the goods to be used at our Maharashtra Plant & now we want to transfer these bonded goods to our own SEZ location in Gujrat.

Kindly suggest a procedure & document requirements.

Regards,

Parag Shetye

[email protected]

[DR.MARIAPPAN GOVINDARAJAN]

Please refer Rule 38 of Special Economic Zone Rules, 2006 in this regard.

[parag shetye]

Dear Sir,

Thanks for your reply, The rule 38 is about the transfer of goods from one SEZ unit to another SEZ unit. In my case We want to transfer the goods from Custom bonded warehouse (Nhavasheva) to our own SEZ unit at Dahej, Gujrat.

[CASeetharaman KC]

The supply made by you to an SEZ from a bonded warehouse would be considered as an import by the SEZ for which the following customs notification specifically exempts IGST on supplies made to an SEZ

Notification No. 64/2017- Customs dated 5.7.2017 – hereby exempts all goods imported by a unit or a developer in the Special Economic Zone for authorised operations, from the whole of the integrated tax leviable thereon under subsection (7) of section 3 of the Customs Tariff Act, 1975 (51 of 1975) read with section 5 of the Integrated Goods and Service Tax Act, 2017 (13 of 2017).

You would have to raise an invoice /delivery note which would carry the value of the goods and IGST should be mentioned as ZERO

AI Summary

Procedure for Transferring Goods from Bonded Warehouse to SEZ Under Rule 38 Explained; IGST Exemption Clarified An individual inquired about the procedure and documentation required for transferring goods from a bonded warehouse in Maharashtra to their Special Economic Zone (SEZ) unit in Gujarat. An expert advised referring to Rule 38 of the Special Economic Zone Rules, 2006. The individual clarified that their situation involved transferring goods from a bonded warehouse to an SEZ, not between SEZ units. Another expert explained that such a transfer is considered an import by the SEZ and highlighted a customs notification that exempts Integrated Goods and Services Tax (IGST) on these supplies, suggesting that the invoice should reflect IGST as zero.