EXPORT OF GOODS

[RAJESH LANGALIA]

One GST registered supplier has received an order of supply of steel plates (along with some specific cutting work on steel plates as required by the buyer using CNC machine) from a foreign buyer and it will pay the proceeds in convertible foreign exchange. The goods will be made available ex-factory i.e. buyer will take the goods from factory on its own and will send it outside india. The question is whether this supply will be considered as an export for the Indian registered supplier? please reply with references to law. thanks in advance .

AI Summary

Steel Plate Supply to Foreign Buyer Qualifies as Export Under IGST Act; Ensure Proper Documentation and Identification Marks A GST-registered supplier received an order to supply steel plates with specific cutting work to a foreign buyer, with payment in convertible foreign exchange. The query was whether this constitutes an export. Respondents clarified that under the IGST Act, exporting goods means taking them out of India, and this transaction qualifies as an export. The supplier needs a GST invoice, Shipping Bill, and Bill of Lading. The buyer handles transportation, insurance, and customs clearance. Additional advice included ensuring identification marks on goods match transportation documents and filing the shipping bill in the supplier's name.