Sir,
We filed a bill of entry for the clearance of goods under the EOU notification. As per the Notification, BCD and IGST are exempted. Even otherwise, IGST is unconditionally exempted for the imported goods under IGST exemption notification 02/2017. In the bill of entry, we declared the relevant Notification No. 02/2017 IGST for exemption of IGST.
My question is, when the bill of entry is under EOU notification, the IGST amount is shown as duty foregone, which is incorrect since the product does not attract IGST. Will you please clarify?
Discussion on Incorrect IGST Classification in Bill of Entry for Goods Under EOU; Clarified as Technical Error A participant raised a query regarding the incorrect classification of IGST as duty foregone in a bill of entry for goods under the EOU notification, despite IGST being exempt under notification 02/2017. The discussion involved clarifications on whether the exemption should be claimed under the EOU notification or the general IGST exemption notification. An expert noted that the issue would be considered a technical error with no significant consequences. Other participants agreed with this assessment, and the original poster expressed gratitude for the information provided. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
