https://www.taxtmi.com/article/detailed?id=7877 Sale or transfer of imported goods remaining in a customs bonded warehouse is a supply and, if made before goods cross the customs frontier, is an inter State supply subject to IGST. The seller is liable to pay IGST on value determined under IGST/CGST valuation provisions; customs duties remain deferred while goods are in bond and become payable on ex bonding, with the ex bonder liable for deferred customs duties. IGST paid on the in bond sale may be available as input tax credit to the purchaser. en-us Sat, 10 Feb 2018 07:38:52 +0530 Sat, 10 Feb 2018 07:38:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7877 Sale or transfer of imported goods remaining in a customs bonded warehouse is a supply and, if made before goods cross the customs frontier, is an inter State supply subject to IGST. The seller is liable to pay IGST on value determined under IGST/CGST valuation provisions; customs duties remain deferred while goods are in bond and become payable on ex bonding, with the ex bonder liable for deferred customs duties. IGST paid on the in bond sale may be available as input tax credit to the purchaser. Articles Goods and Services Tax - GST Sat, 10 Feb 2018 07:38:52 +0530 https://www.taxtmi.com/article/detailed?id=7877