https://www.taxtmi.com/news?id=18879 Proposed IGST exemptions remove integrated tax on specified imports while imposing compliance conditions: leased oil and gas rigs are exempt provided the related service tax remains leviable, the rig is not sold without prior Commissioner of Customs permission, the rig is re exported within a prescribed period after the lease supply, and the importer must pay on demand the IGST that would have been due with interest if conditions are violated; exemptions are also proposed for medicines supplied free by international agencies and for bona fide gifts imported by post or air up to a low value threshold. en-us Fri, 06 Oct 2017 21:29:40 +0530 Sat, 07 Oct 2017 09:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18879 Proposed IGST exemptions remove integrated tax on specified imports while imposing compliance conditions: leased oil and gas rigs are exempt provided the related service tax remains leviable, the rig is not sold without prior Commissioner of Customs permission, the rig is re exported within a prescribed period after the lease supply, and the importer must pay on demand the IGST that would have been due with interest if conditions are violated; exemptions are also proposed for medicines supplied free by international agencies and for bona fide gifts imported by post or air up to a low value threshold. News - Fri, 06 Oct 2017 21:29:40 +0530 https://www.taxtmi.com/news?id=18879