Dear Sir
We had exported our goods on 'LUT' to customer outside India. Goods reached at Customer port and rejected by him due to Quality issue.
Now We are reimporting that material under Custom Notification No. - 45/2017. We had reversed the drawback benefit.
Superintendent is asking to pay 'IGST' also as per Notification 45/2017.
But we sold this material on 'LUT', Whether we have to 'IGST' ?
Company Faces IGST Demand on Reimported Goods Under Custom Notification No. 45/2017; Interest Applicability Questioned Due to COVID-19 Delay A company exported goods under a Letter of Undertaking (LUT), which were rejected by the customer due to quality issues and are now being reimported under Custom Notification No. 45/2017. The company reversed the drawback benefit but faces a demand from customs to pay Integrated Goods and Services Tax (IGST). One response suggests paying IGST and claiming Input Tax Credit (ITC). Another contributor mentions a similar situation where the consignee agreed to pay IGST, but customs imposed interest on it, questioning whether interest applies from the export to import period, considering a delay due to COVID-19. (AI Summary)
TaxTMI 
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TaxTMI 
