https://www.taxtmi.com/circulars?id=56472 A transfer or sale of imported goods while deposited in a customs bonded warehouse is a supply liable to IGST as an inter State supply, with value determined under the CGST valuation provisions read with the IGST Act. Customs assessable value remains fixed at import under section 14 of the Customs Act and deferred duties are collected only on ex bonding at that import valuation; thus IGST may be payable on the supply value before ex bonding while customs duty is paid later on ex bond clearance. en-us Tue, 28 Nov 2017 00:00:00 +0530 Thu, 30 Nov 2017 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56472 A transfer or sale of imported goods while deposited in a customs bonded warehouse is a supply liable to IGST as an inter State supply, with value determined under the CGST valuation provisions read with the IGST Act. Customs assessable value remains fixed at import under section 14 of the Customs Act and deferred duties are collected only on ex bonding at that import valuation; thus IGST may be payable on the supply value before ex bonding while customs duty is paid later on ex bond clearance. Circulars Customs Tue, 28 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56472