I import samples to take orders locally. Then I return them to foreign buyer. I receive 70-80 SKU's of samples every 6 months and I return 70-80 sku's every month. How do I get the refund of my IGST paid during import since I did not sell these samples locally.
return of samples
Arryie Arryie
Seeking IGST Refund for Returned Import Samples: Duty Drawback Advice and SOP for Compliance A participant in a discussion forum inquired about obtaining a refund for Integrated Goods and Services Tax (IGST) paid on imported samples that are later returned to the foreign seller without being sold locally. The participant clarified that their income is derived from consultancy fees, not trading goods, leading to excess IGST credit. Respondents suggested exploring duty drawbacks for customs duties and advised consulting a professional to establish a standard operating procedure (SOP) for compliance and benefit maximization. The discussion also touched on the legal provisions for claiming drawbacks on re-exported goods. (AI Summary)
TaxTMI
TaxTMI