IGST on Imports

[Kaustubh Karandikar]

Is it allowed to utilize balance in ‘Electronic Credit Ledger’ for payment of IGST against Imports? If yes under which provisions? Kindly Guide.

AI Summary

IGST on Imports Must Be Paid in Cash, Not via Electronic Credit Ledger, According to Customs Law A query was raised about whether the balance in the Electronic Credit Ledger can be used to pay Integrated Goods and Services Tax (IGST) on imports. Shilpi Jain clarified that IGST on imports must be paid in cash under Customs law and cannot be settled using credit. Sadanand Bulbule agreed with this interpretation. The original inquirer, Kaustubh Karandikar, expressed gratitude for the guidance provided.