GST on re - export

[Kaustubh Karandikar]

Goods are in custom Bonded warehouse without any payment of duty by XYZ, Goa who is registered with GST. XYZ filing the ex-Bond Bill of Entry at the time of removing from customs bond. No duty is involved since XYZ are re-exporting the goods to Turkey within the stipulated time of six months. What GST procedure XYZ is required to follow for re – exporting the goods?

AI Summary

XYZ's GST Query: Re-Exporting from Bonded Warehouse to Turkey Falls Under Schedule 3, No Duty Required. A query was raised regarding the Goods and Services Tax (GST) procedures for re-exporting goods stored in a customs bonded warehouse by a company, XYZ, registered in Goa. XYZ intends to re-export these goods to Turkey within six months without paying duty. The response clarified that this transaction falls under Schedule 3 of GST, meaning it is neither a supply of goods nor a supply of services. Therefore, the only requirement for XYZ is to file the shipping bill and proceed with exporting the goods.