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?

[Shilpi Jain]

Under GST this transaction is a schedule 3 transaction that is neither supply of goods nor supply of service

only requirement could be to file the shipping bill and export the goods

AI Summary

Schedule 3 transaction: re export from customs bonded warehouse treated as non supply under GST; file shipping bill and export.
Re exported goods removed from a customs bonded warehouse are characterized as a Schedule 3 transaction and thus are not a supply of goods or services for GST. The primary procedural requirement is filing the shipping bill and completing export formalities when removing the goods from the customs bond; no GST levy or additional GST procedure is indicated for bona fide re exports.