https://www.taxtmi.com/circulars?id=59889 Transfer or sale of imported goods while deposited in a Customs bonded warehouse constitutes a taxable supply and is subject to IGST as an inter State supply, with the value of the supply determined under the GST valuation provisions. Customs duty (including basic customs duty and IGST under the Customs Tariff) remains deferred while goods are in the bonded warehouse and is payable only on ex bonding at the assessable value fixed at import; both the in bond IGST liability and deferred customs duty may therefore arise on the same goods at different stages. en-us Thu, 30 Nov 2017 00:00:00 +0530 Wed, 27 Feb 2019 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59889 Transfer or sale of imported goods while deposited in a Customs bonded warehouse constitutes a taxable supply and is subject to IGST as an inter State supply, with the value of the supply determined under the GST valuation provisions. Customs duty (including basic customs duty and IGST under the Customs Tariff) remains deferred while goods are in the bonded warehouse and is payable only on ex bonding at the assessable value fixed at import; both the in bond IGST liability and deferred customs duty may therefore arise on the same goods at different stages. Circulars Customs Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59889