Re-import under GST

[SURYAKANT MITHBAVKAR]

We have exported Machine in month of Sept-18.

Nw we have to Re-import the same machine for repairing purpose.

Whether IGST is applicable on the same. If yes can we avail the ITC for the same.

[Alkesh Jani]

Sir, Please elaborate your query, as was export under LUT/ or under claim of refund of IGST Paid.?

Thanks

With regards

[SURYAKANT MITHBAVKAR]

Export done under LUT

[Alkesh Jani]

Sir,

In this regards, You are require to pay IGST in terms of Sl.No. 1 (d) of Notification No. 45/2017-Customs dated 30.06.2017. You can avail ITC of IGST paid.

Thanks

With regards

[YAGAY andSUN]

Any incentive if availed at the time of export then you would also have to re-pay it along with interest at applicable rate.

[DR.MARIAPPAN GOVINDARAJAN]

I endorse the views of Shri Alkesh and Sri Yagay

[Raghunandhaanan rvi]

Sir,

You can clear the goods for repair and re-export under Customs Notification 158/95

under which No customs duties including IGST Payable

[Alkesh Jani]

Sir,

The Customs Notification No.158/1995 is lastly amended vide Notification No.60/2018-Cus dated 11.09.2018. The Annexure is inserted and as it is a conditional Notification all the conditions are required to be fulfilled. However, It is better to avail Notification 45, ITC can be availed instead of executing Bond. Moreover, you can opt for this after due verification of Customs Tariff heading and calculation to be made which is beneficiary to you.

Thanks

AI Summary

IGST on re-imported goods for repair is payable, with IGST available as Input Tax Credit as an alternative to bonds. Re-importation of exported machinery for repair attracts IGST when export occurred under a Letter of Undertaking; the IGST paid is available as Input Tax Credit. Conditional customs relief for repair clearances exists but requires strict compliance with amended annexure conditions. Export incentives previously availed may require repayment with interest if scheme conditions are breached.